3 ms·
> In 2003, total student loan debt was around $250 billion. Today? It’s over $1.7 trillion. > That’s not growth; that’s an explosion. That's about 9.5% CAGR.
by victor106 2y ago
> In 2003, total student loan debt was around $250 billion. Today? It’s over $1.7 trillion.
> That’s not growth; that’s an explosion.
That's about 9.5% CAGR. About the same as the return of S&P 500 over the long term.
https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp https://www.investopedia.com/ask/answers/042415/what-average...