Guess how much money Americans owe in student loan debt? Just try to find a nice round number. How about $1 trillion? I hope that sounds good to you, because it’s right.
According to the Consumer Financial Protection Bureau, the US has more outstanding student loan debt than we have credit card or car loan debt. Well alright then.
If you’ve graduated from college or graduate school in the last decade, then we don’t have to tell you just how significant student loan debt has become in the US economy. The ever-rising cost of education has been felt by families all across the country. Between 2000 and 2006, it was estimated that 60% of undergraduates took out loans to pay for their schooling, but many think those numbers have risen in the past year. And that doesn’t even include professionals who choose to do graduate work.
But we are wondering just how student loans are affecting our readers? Did you take out student loans to complete your education? And are you still writing out those monthly checks to pay for the Pilates elective you took sophomore year? (Don’t judge, I so took Pilates in college.)
As this rising debt crisis fuels political discourse in an election year, we’re wondering what you think about student loan debt and if you’re still carrying any of it around.
Sorry! This poll is now closed.