While the lack of financial literacy in America is becoming more pronounced, a byproduct of that ignorance is students not understanding the burden they are taking on when they decide to attend expensive colleges with little financial aid.
The total student loan debt in the United States recently passed the $1 trillion threshold. The problem has become so serious that many are predicting it will be the next bubble to burst, and some prominent intellectuals are suggesting that a college degree might no longer be worth the investment.
We found an infographic below that puts into illustrated perspective the scale of the student debt problem and its implications.
Infographic by Visual News
(Written by Dan Connelly)