Infographic

Student Debt in America: A Million Millions [Infographic]

The student debt in America has hit $1 trillion. To give you some context, you’d have to spend $189,393,939 every single day for a year to reach that amount. With $1 trillion you could cover the cost of the United States national interstate system ($466 billion) more than twice over. You could cover the entire government healthcare budget ($959 billion) and have over $40 billion left over. With $1 trillion you could give every currently enrolled college student $45,800, most of which would probably be spent on beers and pizzas.

Thirty-seven million people in the U.S. have student loans—and the average debt load is $24,301. For those students who graduated college this year, the debt load is over $35,000. Of the $1 trillion, $150 billion is owed to private lenders, like banks—and $864 billion is due directly to the U.S. government. The trend is steady and consistent—education is getting incredibly expensive. In the U.S. the total student loan debt surpasses overall credit card debt.

Do you carry any student loan debt? If so, how much? Please share in the comments and check out the infographic below to learn more about the student loan debt crisis in America.

Student Debt: A Million Millions
Source: Student Debt: A Million Millions

NowSourcing

Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-2018. Follow Brian Wallace on LinkedIn as well as Twitter.

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