Student loans can be harsh. The average debt for college students is currently up to $37,000. But if that were all suddenly forgiven, what would you do with the money? That amount could easily purchase a new car, or put a down payment on a house. But let’s have some fun and see what $37,000 equates to in other areas. The average individual student loan debt could pay for:
74 Playstation Pro 1TB Gaming Consoles ($499.99 each)
When it comes to gaming, more memory is always better than less! You and 73 of your closest friends and family could enjoy endless hours of online console gaming.
102 Nintendo Switch Consoles + Legend of Zelda: Breath of the Wild ($300 + $60)
If you’ve been following the Legend of Zelda series, you’ve probably been waiting anxiously for the release of the new game for Nintendo’s newest console. From what I’ve heard, it’s everything fans have wanted.
34 Roundtrip Airfare Tickets to Barcelona, Spain (Going with lowest available prices from Expedia.com for the month of June, $1,060)
Who doesn’t want to travel abroad? I chose Barcelona arbitrarily, but $37,000 can go pretty far in your travels.
52 Hamilton Tickets on Broadway (Resale value on Ticketmaster starts at $700 for the decent Orchestra seats)
Join the craze of America’s hottest Broadway hit in years! If you see the show in New York City, there’s little chance of getting your tickets without going through resale. But without student loans, you could afford the ridiculous prices!
88 Years of Membership at Anytime Fitness (average monthly cost $36)
Rates are variable, of course, but even going with the highest rate of $59/month gives you 52 years of access to the gym. Basically, your student loans could cover about a lifetime of workouts.
21 Months of Rent for a 1-Bedroom Apartment in Chicago (Based on Rent Jungle’s recent trend data in Chicago, IL)
Rent can be a huge drain on our wallets. But if you didn’t have to worry about it for almost two years? That would be awesome.
While there are programs that can forgive student loans, many students will end up with some amount of debt. However, there are ways to greatly reduce the amount in student loans you have to take out in order to pay for your education! For more in-depth information, check out our Scholarships, Financial Aid, and Student Loan pages, as well as this handy article about financial aid education.