2016/10/28 1:19 PM
College education is expensive, whether you’re going for your bachelor’s degree or your master’s degree. And these days, American students are more burdened by student loan debt than ever before. While there are more affordable options, such as online schools that offer a wide array of programs, from an online MBA to an online homeland security program, taking out loans to pay for higher education has put young adults in debt before they even have a chance to start working.
A Look at Some Numbers
To really understand just how burdened American students are with debt, you need to look at some statistics. First off, as of 2016, the typical college graduate has an average of $37,172 in debt from student loans. This is an increase of 6% from 2015.
The total student loan debt in the country is roughly $1.26 trillion, with 43.3 million people dealing with student loan debt. On top of that, 11.6% of students are dealing with…