Student Debt, By the Numbers: Part 1, The Scope of the Problem

ACADEME BLOG

Sources: National Center for Education Statistics, New Deal 2.0, Nation of Change

Total student loan debt in the U.S. in 2012: $1 trillion.

Total student loan debt in the U.S. in 2011: $830 billion.

Total credit-card debt in the U.S. in 2011: $826.5 billion.

Total value of the federal student loans taken in 2010:  $100 billion.

Tax deductions of interest on student loan debt taken on 2009 tax returns:  $1.4 billion.

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