Smart, Young, and In Deep Debt
American’s owe nearly $1,000,000,000,000 worth of student loan debt. All those zeroes? That’s $1 trillion dollars. What portion of that is yours? If you’re under 30, our share is somewhere around $292,000,000,000, or $292 billion. For those between 30-39, who make up the majority of those in debt, their share is $302,000,000,000 ($302 billion).
If depressed is what you feel when you see those numbers, or when you think about what you have to pay this month in student loans, I understand. Thinking about having to start paying back student loans after graduate school is plenty depressing.