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U.S. Student loan debt statistics you should know in 2023

Credit Corp

Year (Q4) Direct loans (in millions) Federal Family Education Loans (FFEL) (in millions) Perkins loans (in millions) Total (in millions) 2018 34.2 Department of Education As you can see, more people are accumulating different types of federal student loans, with a one-and-a-half percent increase in recipients between 2018 and 2022.

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CFPB Weighs in On the Side of the Debt Collector in FDCPA Dispute Over $0.00 in Interest and Fees

Troutman Sanders

The letter contained a table that itemized the debt, including the principal amount, interest, collection fees and the balance. The amounts of interest and fees were $0.00 Id at 12-13. Hopkins filed a putative class action complaint against Collecto and USAM alleging that the letter was deceptive in violation of 15 U.S.C.§