---
title: Student Loan Debt Relief - Syverson Strege
description: Student loan debt in the United States has now ballooned to $1.2 trillion, second only to mortgage debt.
---

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# [Student Loan Debt Relief - Syverson Strege](https://www.onlyworkforyou.com/resources/blog/student-loan-debt-relief)

 Written by [Syverson Strege Commentary](https://www.onlyworkforyou.com/resources/blog/author/syverson-strege-commentary) | Jun 3, 2016 4:00:00 AM

Student loan debt in the United States has now ballooned to $1.2 trillion, second only to mortgage debt.  Most of that debt was issued by the federal government.

 About 40 million Americans hold student loans and about 70% of bachelor’s degree recipients graduate with debt.  In fact, the **class of 2015 is carrying over $35,000 in student debt on average **according to a January 19, 2016 article by [www.marketwatch.com](https://www.marketwatch.com/).  Even more staggering, **one in four student loan borrowers are either in delinquency or default **on their student loans—this according to the Consumer Financial Protection Bureau.

To help borrowers, or family members of borrowers, looking for help with their student loan debt—and looking to avoid a scam—the Federal Trade Commission (FTC) has recently issued some new education materials on their website.

– Walt Mozdzer, CAP®, CFP®

[View full post](https://www.onlyworkforyou.com/resources/blog/student-loan-debt-relief)

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