How screwed are you? A college debt calculator

While visiting North Carolina in May, President Obama disclosed that he just finished paying off his student loans eight years ago. According to a 2011 report by the Federal Reserve Bank of New York, outstanding student debt in the United States stands just shy of $1 trillion. Meanwhile, the average college student attending a public university racked up $22,000 in student debt in 2010. Those are big numbers — and if even the president struggled to pay off his student debt, what chances do today’s college students have?  

Do you know how many cold beers you could buy with $22,000? WhichWayNC thought it might be a little less depressing to think of  loan debt in terms of toilet paper, cold beers and ramen noodles, so we made a calculator that does just that. (But really, what we’re calculating is how many beers you  won’t be able to buy, so maybe this is still pretty depressing.) Try it here

(Reblogged from 2012swingstates)


  1. eddietg reblogged this from sarahglen
  2. ryedthpolitics reblogged this from 2012swingstates and added:
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  4. ngjennings reblogged this from 2012swingstates and added:
    A graphic college students understand. How many PBRs could your student loan debt buy you?
  5. 2012swingstates posted this