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According to The Institute for College Access and Success, in 2015, the average university student graduated with $28,950 in student loan debt. A 2016 report by Forbes found that the average graduate in 2016 left school with over $37,000 in student loans.
This level of debt holds many people back from getting married, buying a house, or starting a family. There’s also a high risk of default; new data from the Brookings Institution estimates that 40% of borrowers will default on their student loans by 2023.
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Answer:extra costs are insurance, gasoline(fuel), tire balding and choice of new/used car
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