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Student Loan Debt Hits $1.3 Trillion

Student debt is a huge problem which is only growing. Here are some facts on the size of the student loan problem!

Nationwide, student loan debt impacts  more than 44 million borrowers, who owe about $1.3 trillion, according to a survey by LendEDU, a private firm that links students with student loans and loan refinancing.

Pennsylvania had the dubious distinction of placing first in the state breakdowns at $35,185, up 1.9 percent from last year.

The worst debt-ridden college graduates last year were the ones to emerge from Indiana’s Rose-Hulman Institute of Technology, a small private college  focused in  engineering, math and science, where 2016 graduates owe an average of $59,113.

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Source: New York Post.