Scary facts about student debt

Many of the statistics on student debt in America are shocking — and it’s only getting worse.

National student debt has surpassed $1.4 trillion and is growing by the second.

With the average college student graduating with over $37,000 in student debt in 2016, the trend will only continue.

Surprising statistics on student loans

Watch this video from CBS News to find out some of the most surprising facts about student debt, including how long it takes for the average borrower to pay it off, what percentage of borrowers fall into delinquency and the consequences of student debt on millennials’ lives.