Student Loans In The U.S More Than China’s Total External DebtMay 19, 2013 11:41 am
Now a comparison like that does not make any sense. But when you hear about the rising debts of US students, we need some number to understand the magnitude. We spotted this stat today, that the total outstanding student-loan debt stood at $986 billion at the end of the first quarter of this year (Source). Okay, a trillion dollars. When we went looking for other debts in the trillion dollar range that can be used to digest this number, we stumbled on this: China’s total external debt stands at 710,700,000,000 US dollars. (Source) That is 710 billion dollars – much less than the total outstanding student loans in the US – which stands at 986,000,000,000 dollars.