Significantly more than 700,000 Coloradans, from all corners of this continuing state, are paying down student education loans. And much more than 20,000 rural education loan borrowers are seriously delinquent, research discovers.
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Education loan financial obligation in Colorado increased 176 % when you look at the decade extending from 2007 to 2017, faster than the 152 per cent price of growth nationwide for such financial obligation throughout the same duration, relating to an analysis released by people who want Colorado to license education loan providers.
About 734,000 Colorado borrowers are paying down student education loans and face a complete of $26 billion in education-related financial obligation, the research of federal government information released because of the nationwide group pupil Borrower Protection Center additionally the regional New Era Colorado Foundation discovered.br /
“There is really a misperception that education loan debt is simply this issue that impacts the young in Colorado, and merely those surviving in Denver therefore the affluent suburbs, ” said Seth Frotman, whom resigned in protest just last year from their post among the federal government’s top education loan watchdogs.