A substantial fraction of borrowers owe less than 5,000 who do you think is represented in this debt range and why might the number of borrowers in this range be so large

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A substantial fraction of borrowers owe less than 5,000 who do you think is represented in this debt range and why might the number of borrowers in this range be so large

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Topeadeniran2id Topeadeniran2id · Answer 1

The amount owed is illustrated in the debt range to show the importance of education and how it had become expensive.

What is debt?

It should be noted that debt simply means the amount of money that's is owed by an individual.

In this case, a substantial fraction of borrowers owe less than 5,000 because it's mainly the debt attributed to students.

The number of borrowers in this range can be so large because education gas become expensive and the interest rate on students loans are compounded.

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