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5 Ways Student Debt Affects You -- Even If You Don't Have it

Posted by New Leaders Council 4 Admin on May 20, 2015 at 7:07 PM

Originally published on ATTN by Dante Atkins on May 6, 2015.

I admit it: I was one of the lucky ones. The combination of grants and scholarships I received in college allowed me to graduate from UCLA with no debt. That makes me one of the lucky few: 40 million Americans now have at least one outstanding student loan, and the average balance has risen to $29,000 a head. The sumtotal of student debt nationwide is now up to a staggering $1.2 trillion.

But if you’re like me and you don’t have any student debt to pay off, you might find yourself having empathy for all the people who do—but wondering how it affects you. The short answer is: even if it doesn’t impact your life in a highly tangible, specific way, it still has very meaningful social and economic consequences.

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