Did you know the average cost for a four year university in the United States including books, tuition, room, and board is $21,479 a year? Assuming a student finishes in the intended four years, his or her total education cost will add up to about $85,916. That is a lot of money for a young person to come up with, and most students are forced to finance at least a large portion of their education costs with student loans. Since 2007, student loan debt has grown a whopping 56% and now represents over $956 billion dollars. Of the household headed by someone under 35, 4 in 10 have student loan debt. 40% of those with student loan debt were delinquent as some point in the first 5 years of repayment.