According to Yahoo News, the average amount of student debt that a student holds upon graduation is $25,250. The total amount of student debt carried by Americans is estimated to be $870 billion.
That sucks. Student debt will hold you back in your 20s because all of your money will be spent on paying back the money that you owe. You won’t be able to travel, take risks, or live the life that you want if you’re always thinking about the money that you owe. Life in your late-20s is way better when you have money.