$864 Billion. That is the total student loan debt our government currently holds. 40 million. That is the approximate number of federal student loans outstanding. A staggering $21,600 per student loan holder.
Not all have graduated, but all received some education. Many from for profit institutions, such as Apollo Group Inc. and Corinthian Colleges Inc, which in the past have been accused of providing less than adequate education or training for job placement. What a boost our economy would have if our citizens did not have the burden of student debt.