The Scary Truth About Student Loan Debt
by Kayc
Posted on 10/07/2019
STUDENT LOANS, the two scariest words affecting the daily lives of 45 million Americans. Over the past decade, college tuition prices have steadily increased & so has student loan debt. What’s even scarier, are the stats. We’ve put together a list of the most haunting facts, but BEWARE even we can’t sleep from the nightmares.
WARNING: Triggers ahead.
Average student loan debt total per person: $31,172
Average monthly student loan payment for graduates: $393
Total student loan debt in the U.S.: $1.52 trillion
Time to pay off student debt: 10 to 30 years
There are currently 44.7 million student loan borrowers in the U.S. &, among graduates, 71% of students with loans leave college with debt to pay.
Currently, student loans have a higher delinquency rate than credit cards, auto loans & mortgages.
In 1971, the average cost for tuition, fees & room and board for a four-year public university was $8,730 *grabs chest, the horror!*
The biggest fact we all know to be true is student loan debt SUCKS. American Student Loan Advocates has the solution to your student loan nightmares. As scary as student loan debt can be, know that you have rights & options.