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- As of May 2018, 44 million Americans owed $1.5 Trillion in student debt
- 20% of millennials are homeowners, and most millennials say their student debt has delayed home ownership by seven years on average.
- It takes the average bachelor's degree holder 21 years to pay off their student loans
- A study by the American Institute of CPAs found 41% of respondents have postponed contributions to retirement plans due to student loan debt. 40% have delayed car purchases, 29% delayed buying a house, 15% have postponed marriage.
- The government received more than $41 billion in student loans
Sources:
https://www.usnews.com/news/blogs/data-mine/2014/10/07/student-loan-expectations-myth-vs-reality
https://college-education.procon.org/
https://www.forbes.com/sites/caseybond/2015/09/04/why-college-isnt-worth-the-money/#5f35dd99653d
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