College Student Loan Debt Hits $1.31 Trillion

The coming meltdown of colleges and universities financially will not be pretty.

I stumbled upon this stat on student loan debt:

As a result, student loan debt is now the second highest debt category — behind only mortgage debt — and higher than both credit cards and auto loans. There are now more than 44 million student borrowers with $1.31 trillion in student loan debt in the United States — an average of $37,172 per student borrower in 2016.

H/T Elko Daily Free Press

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