Infographic: US student debt would reach $16 trillion by 2030
Federal student debt in the United States has reached alarming new levels. It is currently growing at an annual rate of 17 percent, according to the U.S. Department of Education.
"This is more than seven times the current rate of inflation," an infographic created by the online freemium tool that provides consumers with free credit score Credit Sesame shows.
The infographic also highlights statistical details about the scope of the debt crisis facing students and the future that awaits it, and offers ways to minimize college costs. Find it below.
Cover credit: Publicsource.org