As of 2021, approximately 43 million Americans held student debt, with an average student loan balance of $37,105. In fact, Americans owe $1.71 trillion in total of student loan debt. The numbers are pretty shocking, to say the least.
Now, the sad part of owing federal student debt is the fact that a third of borrowers can’t keep up with it after just six years. With so much pressure building up, all this economic uncertainty, insane housing boom prices, it seems like many millennials and younger generations are stuck in a giant hamster wheel of hell. How did we end up here?
The screenshots below will shed light on the scope of the problem and how it’s basically impossible to pay off a student loan in the US. It may make your body temp soar, so if you’re already feeling on edge today, you may as well skip to the next article. And the brave ones, as well as the student debt survivors themselves, please scroll down below.
#30 For Our Non-American Friends Who Probably Wouldn't See This Targeted Ad, I Present To You A Profit Calculator On Student Loans From A Major Credit Card Company

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