In the year 1973, there was a fundamental change in the student loan industry. That change was the founding of Sallie Mae. Under Sallie Mae, student loans became easier and easier from prospective university students to receive funding. This ease of funding caused an explosion in student loan debt. Between the years 2006 and 2016, student loan debt grew an incredible 170% from about $400 Billion to over $1.3 trillion.
How student loans effect you
There have been several studies that have shown that student loan debt affects your personal life, just like it affects your financial life. In the case of men, student loan debt shows little to no effect on marriage, but there is a correlation between increased student loan debt and unlikeliness from young women to get married.