Total student loan debt is increasing at a rate of about $2,853.88 per second
The Student Debt Crisis is reaching a critical max
With Bernie out of the race, it looks like we won't be getting free college tuition anytime soon. And that's ok. College is still a good investment. But the debt that many students take out is crippling. The last thing you want to do is graduate college with 6 figure debt weighing you down.
Let's take a look at a few staggering stats.
National student loan debt grows at $2,853.88 per second
Thats over $10 million/hour, 240 million/day, 1.6 billion/week.
Our student loan debt clock sits at over $1.3 Trillion
That's more than national credit card debt and is second only to mortgage debt.
The average student has $27,082 in debt when graduating college
And that's just the average. There are many students with 6 figure loan debt.
7 out of 10 students leave college with some kind of loan debt
Whether you borrowed money for books or your whole tuition 70% of kids are walking out of classes with the burden of loan debt.
43.3 million americans hold student loan debt
That includes parents, current students and graduates. Debt isn't only burdening the kids in school but their well meaning parents.
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