Obama’s Balloon: Student Loan Debt Up 517% in 5 Years

barack obama

Since President Barack Obama took office in January 2009, the cumulative outstanding balance on federal direct student loans has jumped 517.4 percent.

The balance currently owed is $739,641,000,000.00. Back in January 2009, it was $119,803,000,000.00, according to the Monthly Treasury Statement for May.

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