$1 trillion dollars is the equivalent of about $4,000 for every man woman and child in America.
If $1 were equal to 1 second, then $1 trillion would be 31,546 years.
Currently 58% of Americans with a college degree over 25 have some student loan debt. This is about 37 million Americans.
Two thirds of the class of 2010 borrowed an average of about $25,000 dollars. Only about 50% of them have a job at all, and about 75% of them returned to live home after college.
That same year, 2010, Americans borrowed more than 100 billion dollars for education.
Whereas 1 in 4 white students owes less than 13K, 1 in 3 black students owes more than 38K.
In 1972 Pell Grants covered 100% of tuition costs. In 2011 they covered 34%.
41% of the class of 2005 is currently delinquent or in default.
67 billion dollars in student loans are currently in default. At any given point only 40% are in repayment. Only 37% of student loans are paid without delay.