The statistics are unbelievable in the US with regards to how many students are coming out of school with tens of thousands to hundreds of thousands of student loan debt. Many students would not be able to attend college if there were no student loans available. The harsh reality is many of these students once graduated are now sentenced to a life of poverty, and working endless hours just to pay their debt. I was one of those students who despite coming from a hardworking middle class family, I was dependent on student loans. The downside truth of it all, is that the system is designed to keep you poor. Many people are not able to completely pay off their loans with income from their paycheck. Great sacrifice takes place in order to accomplish this goal.