Nearly 20 percent of the roughly 242 million adult Americans have student loan debt. For those that struggle with math, that’s almost 50 million people paying off student loans.
By any measure, that’s a large number. The dollar amount of the outstanding loan balance is a staggering $1.6 trillion. Said another way, that’s $1,600,000,000,000, a number so large it’s difficult to comprehend.
Studies have shown that those with a college degree generally earn significantly more over a lifetime than someone without one. Many in the workforce have benefited from their education and are doing quite well career wise.
But higher education isn’t paying off for everyone. Far too many feel as if they’re suffocating from the financial burden of paying