Estimated reading time: 3 minutes
Along with a diploma, the average 2016 college graduate has $37,712 in student loan debt, a 6% increase over the class of 2015. If you add up the debt owed by all 44.2 million Americans who have student loans, it totals $1.45 trillion. That means Americans owe more in student debt than on their credit cards. (These and more detailed statistics are available on Student Loan Hero.