"In the United States where student loan totals over $1 trillion, it is now greater than credit card debt. New York University tops the list of not-for-profit universities with the highest amount of student debt, a whopping $659 Million.
Nearly 50 percent of NYU student body is borrowing money through student loans. Starting in July, if the low interest rate of 3.4 percent isn't reinstated it could triple up to 6.8 percent, which represents an average $2,000 increase over the course of paying back the loan. As prices soar, a college degree statistically remains a good lifetime investment, but it often comes with an unprecedented financial burden.”
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