If you have student loan debt, you know the impact it has on your monthly take-home pay. When you’re contributing a car payment’s worth of money to your student loan servicer every month, that makes it pretty hard to actually buy a new car or save much money. Can you believe that 40 million Americans have that same problem, with a collective debt of over $1.3 trillion in student loans?
Student loan debt adds up fast, and so do the consequences of that debt. Check out this infographic by our friends at JellyVision that shows the big challenges we all face as a society because of student loan debt.