With students in more debt than ever before, every millennial knows at least one person who is struggling to pay off their student loans.
Today, the average college graduate leaves school with $30,000 in student debt. In 2006, the total federal student debt came out to $478 billion – that number is now a shocking $1.3 trillion. Studies show that this debt is holding millennials back. It's preventing many from buying cars, homes, starting families, saving for retirement, and making other important investments in their future (not to mention investments like Netflix and burritos).
College tuition and student debt have only increased over the last ten years, and it's not slowing down.
People with a college degree earn roughly $1 million more over the course of their careers.
In the long-run, this debt could hurt the nation as a whole. It's already hurting millennials' wallets and ability to save for the future.
As long as college tuition keeps going up and up, people will be shut out of the system -- and shut out of career options.