Bank aren't just running your credit when you want to open up a credit card, but regular checking accounts too.
With the rising cost of college tuition, more Americans are burdened with student debt than ever before. Collectively, the country owes over $1.4 trillion in student loan debt, spread out among approximately 44 million individuals. Which is about $620 billion more than the total U.S. credit card debt. The class of 2017 has an average debt about 6% more than the class of 2016 graduates who has around $37,172 in loans to repay.