According to the National Association of Consumer Bankruptcy Attorneys:
” There is no debt rising faster on Americans than Student Loan Debt. 40 million people across the United States have monumental student debt as reported by CNN. In fact, student loans have increased by 84% since the recession (from 2008 to 2014) and are the only type of consumer debt not decreasing. The current student debt amount is rising at a rate of $3055.19 per second.”