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The Student Debt Problem is Widely Misunderstood Here Are Some Solutions Student debt has been increasing for decades, largely driven by the cost of higher education. While perhaps not a crisis, it is certainly a problem. But there are some potential solutions to the issue. Stay Engaged Student loan debt has soared from around $260 billion in 2004 to around $1.5 trillion today. So has the typical amount of debt per student, which is $20,000 to $25,000. About 10% of students default on their loans and taxpayers are losing billions every year on federal loans. Student loans are making up an increasing amount of consumer debt – up to 11% of the average total debt balance, from less than 5% back in 2003. In the meantime, college tuition and fees have grown an average of more than 7% per ...