We have all heard the statistics, that tuition keeps rising, while student debt continues to increase. In fact, the United States now has more total student loan debt then credit card debt. The good news? Borrowers are eager to provide students with loans to make their college aspirations a reality. The bad news? Those same students will graduate with thousands in loan payments. Unfortunately, students often do not recognize the full impact of taking on additional debt.
Let’s get nerdy and put an average debt load in terms anyone can understand in this infographic from NerdWallet.
[Click image for full size version]
Irma Wallace
Co-founder and Vice President of SearchRank, responsible for many of the day to day operations of the company. She is also founder of The Arizona Builders' Zone, a construction / home improvement portal.
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