US student loan debt hits record $1.5 trillion: Bloomberg

Outstanding student loan debt in the U.S. hit an all-time high of nearly $1.5 trillion in November, according to a Bloomberg analysis.

The Bloomberg analysis of student loan securitization data found that the total student loan debt is more than double what it was at the end of the recession in June 2009. 

Students who took out loans in 2012 face especially high loan debts, the analysis found, and have defaulted at higher rates than any other loans since the recession, according to Bloomberg.

Those loans, Bloomberg found, have the highest cumulative loss percentage of any set of loans that have been distributed since the recession ended.{mosads}

Many of the people who took out loans in 2012 are now between 24 and 33 years old, meaning they are likely still early in their careers, Bloomberg noted.

Student loan borrowers between 25 and 34 years old owed $489 billion as of the third quarter this year, according to the analysis.

In total, more than 2.7 million individuals owe more than $100,000 and about 700,000 borrowers owe more than $200,000, Bloomberg reported, citing Department of Education data.

Student debt is also an issue faced by people who are older than 62 years old, according to Bloomberg. People at that age and older owed $62.5 billion in federal loan debt, according to Bloomberg.