They’re the new 1 percenters.
Keep that figure in mind the next time you read or hear stories about students who graduated from college with six-figure debt. Those borrowers who have loaded up on $100,000 or more in college debt represent extreme situations, according to research from Mark Kantrowitz, editor of the highly popular FastWeb and FinAid college financial aid websites and author of “Secrets to Winning a Scholarship.”
Kantrowitz’s research shows that less than 1 percent of students graduate from college with debt exceeding $100,000. Read more