This Is the Average Student Loan Balance in America -- and How to Whittle It Down Faster
Student loan debt is a problem for millions of Americans -- 43.5 million, to be more precise. All told, U.S. borrowers owe an astounding $1.78 trillion in student loans.
On an individual basis, the average student loan balance is $37,338 for those who took out federal loans. That's a daunting sum.
If you have a massive amount of student debt hanging over your head, you may be eager to shed it as quickly as possible. Doing so could not only save you money on interest, but also eliminate a large amount of financial stress.
Source Fool.com
