Student loans are a catch-22. Most of us rely on them to get a college degree, which can help us earn about a million dollars more over our lifetimes than those of us without college degrees. On the other hand, the debt we've accrued can impact our financial life decades after we've graduated. Currently, about 40 million American borrowers collectively owe $1.2 trillion in student debt. Some might say student debt is a fair trade given the income potential with a college degree, but there are some sobering facts about student loan debt that might surprise you. Here are five that could make you re-assess higher education loans.
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