According to researchers from the Education Data Initiative, student loan debt in the U.S. currently totals $1.73 trillion and is growing six times the rate of the nation's economy. COVID-19 has only exasperated the crisis, with the total, nationwide student loan debt balance growing by 8.28% in 2020 – the biggest spike since 2013. And, the government's emergency federal student loan payment suspension is scheduled to end on Jan. 31, 2022.
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