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This is scary, the total U.S government debt is 16 Trillion roughly, and the student population debt is 1 Trillion which is 6.25% of the national debt…you do the math.
Now 11% of student loans are defaulting and on top of this, many students are not paying their loans right now. This is going to add to hinder the U.S GDP going forward, because this huge population of students and graduates (young Americans) will be poor over the next 5-10 years at minimum. No more cool iPhones and hip clothing.






