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Student loan debt is crippling for college graduates.

About 44 million Americans owe more than $1.5 trillion in student debt. [123] [125] 45% of people with student loan debt say college was not worth it. [107] 10% of students graduate with over $40,000 in debt and about 1% have $100,000 in debt. [36] In Feb. 2018, undergraduate college graduates had an average of $37,172 in loan debt. [123] According to the US Congress Joint Economic Committee, approximately 60% of college graduates have student loan debt balances equal to 60% of their annual income. [37] Missing late for loan payments leads to lower credit scores and additional fees, worsening the debt problem. [36]

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