CONSUMER PROTECTION BUREAU TAKES LOOK AT COMPLAINTS ABOUT STUDENT LOANS NATIONWIDE, BREAKS DOWN RESULTS STATE BY STATE
50 state snapshot of student debt: A nationwide look at complaints about student loans
Over the past five years, student loan borrowers across the country have turned to us to submit complaints about the struggles they face when repaying their student loans. We have handled more than 50,000 student loan related complaints describing servicing breakdowns, debt collection hurdles, and "debt relief." These complaints help us to recognize and work to stop industry practices that harm consumers and can serve as the first step in a process that halted industry practices harming some of the most vulnerable individuals, saved hundreds of millions of dollars for tens of thousands of student loan borrowers, and strengthened aspects of the student loan repayment process to protect millions of consumers.
Student loan borrowers collectively owe more than $1.4 trillion in student loan debt.
We’ve released a state-by-state snapshot showing how this debt is spread across the country. It also breaks down the complaints we handled from student loan borrowers in every state.