Some notes on student debt:
According to the US Department of Education, 42.9 million Americans held outstanding student loan debt at the end of 2020, or about 17% of the US adult population. 75% of students with school-loan debt went to 2- or 4-year colleges, and the remaining 25% also borrowed for graduate school. About 6% of people with school loan debt owe more than $100,000–this group accounts for about a third of all outstanding student loan debt and usually encompasses both college as well as graduate school expenses. Approximately 40% leave college with between $20,000 and $100,000 in outstanding student loans