The canvas is epic. Over the last decade, student debt in America has skyrocketed to more than $1 trillion (per the Consumer Finance Protection Bureau) which will lead to a total lifetime wealth loss of $4 trillion for indebted households without accounting for the impact of defaults. The average student debt is approximately $26,600 (the average University of Alaska student debt is approximately $24,000). Roughly $864 billion is outstanding in federal student loan debt while the remaining $150 billion is in private student loan debt. According to the Chronicle of Higher Education, of the approximately 20 million Americans who attend college each year, almost 60 percent borrow annually to help cover costs; and there are around 37 million student loan borrowers with outstanding student loans today.