Paul Fontelo

One-Tenth of Congress Lists Student Loan Liabilities
‘I don’t understand how young people can become teachers or work in the public service arena’

The 115th Congress scored as one of the richest ever, but one in 10 lawmakers still holds student loan debt, either personally or for a family member. 

Fifty-three members listed a combined $1.8 million in student loans on their financial disclosures. Twenty-eight of them posted a positive net worth while 25 showed negative net worth in Roll Call’s comprehensive Wealth of Congress project.

Every Member of Congress’ Wealth in One Chart
While the superrich hold more than half the wealth, nearly a quarter are in the red

While politics is no place to get rich, many people may assume that only the wealthy elite are able to get into the highest positions in power.

Though two-fifths of senators and representatives are millionaires, there are plenty with humbler backgrounds and more modest bank accounts. Almost a quarter of voting members have a negative net worth.

Maybe They’re Too Rich for Congress?
Seventeen members departing the Capitol are millionaires

The wealthy are heading for the exits.

So far, 44 current lawmakers, or one in 12, have announced they are retiring at the end of the year or seeking new offices away from the Capitol. And collectively, they now account for nearly a third of the $2.43 billion in cumulative riches of the 115th Congress.