Cum laude, my diploma reads — “with honor.” But cum debitum, “with debt,” is a bit more accurate.
Collectively, America’s student borrowers owe $1.7 trillion. On average, each graduating senior this year is beginning their life around $37,000 in the hole.
That looks like a lot, but when you’re living with student debt, you look at that number and don’t even flinch. The debt is so normal it’s like an inside joke for pretty much everyone in my generation. Except we’re the punch line.