Student Debt: A Million Millions

STUDENT A8 DEBT A MILLION MILLIONS THE STUDENT DEBT IN AMERICĂ IS NOW 1 TRILLION dollars BUT J UST H OW MU CH MO NEY I S THAT? A MILLION MILLIONS IN SE CONDS 86,400 1 MILLION 1 BILLION 1 TRILLION SECONDS SECON DS SECONDS SECONDS 1 DAY 11.5 DAYS 31.7 YEARS 32,000 YEARS THAT'S ONE MASSIVE BAILOUT! if you put $1 TRILLION IF THE U.S. GO VERNM ENT SPLIT UP MONEY BETW EEN EV ERY H OUSEHOLD... into a spherical cashteroid* IF THEY DIVIDED UP IF THEY DIVIDED UP IF THEY DIVIDED UP $1 MILLION $1 BILLION $1 TRILLION it would be a 240 meter money ball $0.01 L0'6s $9,009 per household per household per household *THANKS TO RHETT ALLAIN ORJALLAIN Based on 111,000,000 households in the U.S. IN ONE YEAR, TO SPEND 1 TRILLION DOLLARS. 189,393,939 CHALLENGE ACCEPTED EVERY DAY YOU WOULD HAVE TO SPEND WHAT COULD YOU B UY WITH -1 TRILLION DOLLARS?- US. INTERSTATE 1 TRILLION DOLLARS WOULD COVER THE COST OF HIGHWAY SYSTEM COST THE UNITED STATES NATIONAL INTERSTATE SYSTEM $466 MORE THAN TWICE OVER BILLION dollars %$959% BILLION DOLLARS US. GOVERNM ENT HEALTHCARE SPENDING YOU COULD FUND THE ENTIRE GOVERNMENT HEALTHCARE BUDGET AND HAVE $40 BILLION LEFT OVER $45,800 WITH ONE TRILLION DOLLARS YOU COULD GIVE EVERY CURRENTLY ENROLLED COLLEGE STUDENT 21.8 MILLION STUDENTS STUDENT DEBT BY THE NUMBERS. 15% $4150 $864 BILLION DOLLARS BILLION DOLLARS TRILLION OWED DIRECTLY TO THE U.S. GOVERNMENT OWED TO PRIVATE 85% LENDERS, LIKE BANKS 37,000,000 HOW MANY PEOPLE IN THE U.S. HAVE STUDENT LOANS? (37 MILLION) U.S. MEDIAN STUDENT LOAN DEBT U.S. AVERAGE STUDENT LOAN DEBT $13,600 $24,301 AVERAGE DEFAULT RATE ON STUDENT LOANS 13.4% OF THOSE WHO GRADUATED COLLEGE EARLIER THIS YEAR (2013) 70% 20 40 60 80 100 HOLD AN AVERAGE STUDENT LOAN DEBT OF OVER $35,000~ THE TREND IS STEADY: EDUCATION IS GETTING MORE EXPENSIVE. WHO $1,000 OWES $800 $600 THE MOST? $400 STUDENT LOANS $200 CREDIT CARDS 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 AUTOMOBILES Source: Federal Reserve Bank of New York EXTRA CREDIT ASSIGNMENT STUDENT LOANS NATIONAL DEBT VERSUS $240 BILLION IN 2003 $6.7 TRILLION IN 2003 1 TRILLION IN 2013 16.7 TRILLION IN 2013 YOU OWE ITTO YOURSELF TO GET A GREAT CoUreE EDUCATION. Sources: presented by: http://www.census.gov/popclock CHEAPESTCOLLEGES.ORG http://www.brillig.com/debt_clock http://quickfacts.census.gov/qfd/index.html http://nces.ed.gov/fastfacts/display.asp?id3372 http://xkcd.com/980/huge/#x=-6182&y=-4540&z=5 DEVELOPED BY N NOWSOURCING http://www.epa.gov/ttn/atw/rice/rice_neshap_ria2-17-10.pdf http://www.motherjones.com/politics/2013/06/student-loan-debt-charts http://www.nytimes.com/2011/02/17/business/economy/17regulation.html http://www.wired.com/wiredscience/2011/09/stacking-one-trillion-dollars