Yes and no. 5% of the gdp is a lot IMO. However comparing _annual_ gdp to outstanding student loans is apples to oranges, usually you would accumulate and pay student loans over many years.
Outstanding student debt looks much less serious when viewed in the context of nominal GDP.pic.twitter.com/Dr9XqTV2Ck
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I’d say the rate of growth comparison though evident in that chart is pretty interesting.
End of conversation
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