According to an article by CNN in 2014, 40 million Americans have student loan debt. Just in 2008, that figure was 29 million Americans, so as you can see, the number is increasing drastically!
The number of student loans is also increasing.
In 2008, the average borrower carried less than three. In 2014, that number jumped to approximately 4. For me, I had several different student loans, which made it hard to juggle even more!
As you can see, many, many people have student loans and that number will most likely just continue to grow well into the future.
Paying for school with student loans is very common, but before you make the jump and do that yourself, here are the things you should know.
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