The figure 8% of GDP sounded mind boggling. But apparently it's true. Quoth the wiki: "Approximately 43 million have student loans, with an average balance of

The figure 8% of GDP sounded mind boggling. But apparently it's true. Quoth the wiki: "Approximately 43 million have student loans, with an average balance of $30,000. In 2017, average student loan debt reached $39, 400, an increase of 6% compared to 2016. Americans owe more than $1.48 trillion (44 million borrowers) which is roughly $620 billion more than the overall credit card debt in the country." Just to compare to a communist I mean socialist country (Finland in this example), where we had an article about the massive increase in student loans (doubled in the last 10 years). 400 000 people with loans totalling 3 billion (about 7600eur per person). To scale that with the population of the US so about 60x we get the number 180 billion vs. 1480 billion. Man you have it tough there :) Good thing that you all will be multi billionaires (or so everyone apparently thinks when voting) so no need for tax reform or any other kind of communist/socialist crap :)