Originally published in The DePaulia 11-16-14.
Around 6:40 a.m. on May 8, 2012, America reached a milestone that few talked about, and even fewer celebrated. It was at that exact moment, according to estimates by FinAid.org, when outstanding student loan debt in America reached $1 trillion. Today, that estimate stands at over $1.2 trillion — higher than outstanding credit card or auto loan debt, and likely higher than combined student debt all over the world. The majority of that debt, as much as 43 percent of it, is carried by people younger than 25 years old. Continue reading