Some statistics regarding those who take on loans. Like middle class tax cuts, it is designed to supposedly spend money on things such has home purchases, etc. The counter argument that tax payers are on the hook is ridiculous. First of all these people pay taxes as well. Secondly, no new taxes have been issued to take more money out of your pocket to cover the relief. If you're not mad at corporate tax cuts then you can't belly ache about this.
- 54.1% of independent undergraduate students accepted federal student loans.
- Middle-income students are most likely to take out federal loans at 58.4%.
- 63.6% of students living in campus housing use federal loans.
- 39.7% of college students living with their parents accept federal loans.
- 52.0% of married undergraduates accepted federal student loans.