10 Fun Facts About the Student Debt Crisis

By Kyle McCarthy

1. Bigger than Most Countries

Currently, more than 40 million Americans hold student debt. The population with student loans is actually greater than the entire population of Canada, Poland, North Korea, Australia and more than 200 other countries. It's also about four times greater than the population of Sweden.

2. Giant Corporations can File for Bankruptcy, but Bankruptcy is Not an Option for Student Borrowers

Let freedom ring! Earlier this month, Freedom Industries, the company responsible for a chemical leak which contaminated drinking water in West Virginia, filed for Chapter 11 bankruptcy protection. The company faces 25 lawsuits, but by filing for bankruptcy protection, Freedom Industries is able to halt most litigation.