US students now owe Uncle Sam more than was spent on the entire Iraq War


Much has been said in recent years about soaring US debt and Washington’s huge military expenditure overseas. American household debt also beats its own records on regular basis.

In the meantime, student debt in the country has managed to swell to a record high of $1.5 trillion with the US government holding nearly 70 percent of those education loans, reports the financial website Sovereign Man. A total of $1.06 trillion in student loans reportedly belong to the state, according to the annual financial report for 2017, released by the federal government last month.

source: https://www.rt.com/business/420198-us-students-debt-iraq-war/

Author: Rayan M

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