The student debt in America has now hit a mind boggling one trillion dollars, which is a million millions. If you put $1 trillion into a spherical cashteroid, it would be a 240 meter moneyball (thanks to Rhett Allain @rjallain). You’d have to spend $189,393,939 every single day for a year to hit $1 trillion. With that type of money, you could cover the cost of the United States national interstate system ($466 billion)—more than twice over. You could even fund the full government healthcare budget ($959 billion) and have $40 billion left over. With $1 trillion, you could give every currently enrolled college student (21.8 million) $45,800, thus boosting the beer industry!
Thirty-seven million people in the U.S. have student loans, and the average debt load is $24,301. For students who graduated this year, the average debt load is well over $35,000. It’s hard to believe that overall student loan debt in America has exceeded total credit card debt.
Are you one of the 37 million people in the U.S. dealing with student loan debt? How much do you still owe? Please share in the comments and check out this infographic presented by CheapestColleges.org to learn more about the student loan debt crisis in America.