Following graduation, students are left with an average of $28,000 in debt and just ten years to pay it back. Young adults, Gen Zers in particular, are often forced to defer these loans, packing on interest rates that can add thousands more dollars and decades of repayment. But it’s not just bank accounts that suffer; with millions of Americans paying back student loans with little extra cash to spare, less money is moving around in the economy at large.
infographic by: studentloanreview.com