There is more student loan debt than credit card debt.
Unless you are a STEM major and know that’s what you want to do in life.
You don’t want to start out STEM, rack up $75k in debt, and finish as a philosophy major making lattes for a living.
The level of student debt in the U.S. has more than doubled since the end of the Great Recession in 2009 — to $1.465 trillion — with those borrowing during 2012 defaulting faster than in any other year since that time. Most of those students are now aged 24 to 33, meaning they entered the workforce when the unemployment rate was twice as high as today. Some 2.7 million borrowers owe more than $100,000 in student debt.