MIAMI (CBSMiami) – As the costs of higher education continue to skyrocket across the nation, the student loan debt bubble is reaching unprecedented heights as more and more young adults are not able to repay the loans.

A new analysis from the Consumer Financial Protection Bureau found that only half of the more than $1 trillion in student loan debt is being repaid. Specifically, only 42 percent of direct student loans are in repayment while 60 percent of Federal Family Education Loans are in repayment.

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The CFPB also found that 13-14 percent of borrowers are defaulting on their loan, which will have secondary effects of making things like buying a home or a car that much more difficult. Experts have said this could create an entire generation of students who can’t achieve the American dream.

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An additional 18 percent of former students are either in deferment, putting off paying the loan, or in forbearance because they don’t make enough money to be able to pay the loan and make payments on the rest of their bills.

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The CFPB said there are several ways to reduce payments including a plan called Pay As You Earn where payments are equal to 10 percent of your income above the poverty line and after 20 years any remaining balance is forgiven.