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Saving, Investment, and the FinancialALFRED I System- Ask FRED One type of debt that you may be familiar with is student loan debt. The accompanying graph contains data on Student Loans Owned and Securitized,S Outstanding. 2016: 1,382.4086 1,500 1,400 1,300 1,200 1,100 6 1,000 800 700 600 2008 2010 2012 2014 2016 Source: Board of Governors of the Federal Reserve System (US) a. In 2016 approximately how much student debt was owed? billion

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Answer #1

The graph above indicates the loans owed by students year wise starting from year 2008 and upto year 2016.

By looking at the graph, we can say that the student debt owed in year 2016 is approximately 1,400 billion of dollars.

The answer is $ 1,400 billion.

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