Student loans

According to the valuation analysts at Kelley Blue Book the estimated average transaction price for a light vehicle in the United States was $37,876 in 2020. The average student debt in the United States is $32,731 Average interest rates on federal student loans (which most borrowers have) range from 2.75% to 5.30%. The national average for US auto loan interest rates is 5.27% on 60 month loans. It appears that buying a new car is more of a financial burden that having a student loan. These students should just buy old clunkers like most of us did.