• 44 million Americans hold more than $1.3 trillion in student loans.

• Tuition costs are rising, but it’s still worth going to college.

• Avoid loans if possible, but education is a worthwhile investment in your future.

Student loans give anybody who wants to attend college the ability to do so. This is one of the reasons why the United States has the strongest college education system in the world. While you’d be wise to avoid getting into high-interest debt, student loans are a necessary evil. They are an investment in your future that will pay off in a big way as you get older, and they’re especially worth it if you can get into a top-tier school.

Student Debt in the U.S.

A whopping 44 million Americans owe $1.31 trillion in student loan debt, based on the latest data from the New York Fed. This makes student loans the second largest source of consumer debt in the U.S., only behind home mortgages. The average amount of debt held by students in the class of 2016 was just over $37,000. These numbers continue to rise as more people attend college and the cost of attendance increases. Since 2000, tuition and fees have increased 49% at private four-year universities and 97% at public ones, after adjusting for inflation.

Average Tuition Costs over time

All of these numbers may seem overwhelming – but we hope they show you that you’re not alone in this journey. Many people are dealing with student loan debt, some more successfully than others. In the Student Loans section, we’ll help you understand your options so you can confidently manage the cost of your education.  

Options for Paying Back Your Student Loans

More than 11% of people are currently delinquent on their student loans, according to the Department of Education. Missing your student loan payments will hurt your credit score, and it could take a long time to get back in good financial standing. That’s why at Student Loans Guy, we’re determined to get this number down.  

The good news is you have alternatives! If you can’t make your monthly payments, we’ll help you find the best way to tackle repayment of your student loans – either through refinancing, income-based repayment plans, or forgiveness. We’ll go into each of these options in more detail below. 

Is College Really Worth It?

You may still be wondering: Is it really worth taking on tens of thousands in debt to go to college? Is college still a worthwhile investment, and are student loans necessary?

The answer is overwhelmingly yes. College gives you the opportunity to meet and connect with a diverse set of people. You can choose your own major and become an expert in the topic of your choice. Going to college also sets you up for a significantly better financial future. According to the Bureau of Labor Statistics, a person with a bachelor’s degree can earn as much as $1 million more over a lifetime than someone who only has a high school diploma.

Earnings by degree type

Student loans help you take control of your future and work hard without having to worry about how you’re going to pay for it. So even if you need to take out hundreds of thousands of dollars to go to law school, medical school, or that top graduate program, if you’re smart about how you handle it, you can be confident you’re making a wise long-term financial decision 


  • 44 million Americans hold more than $1.3 trillion in student loans.
  • Tuition costs are rising, but it’s still worth going to college.
  • Avoid loans if possible, but remember that your education is a worthwhile investment in your future.
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