Total household debt has climbed to a record $13 trillion.

One factor driving overall American indebtedness higher is the ever-increasing burden of student loans, and a policy change being mulled by the Trump administration could cause that student loan bubble to pop.

Student loan debt stands at a staggering $1.4 trillion, owed by some 44.2 million borrowers. The average class of 2016 graduate has $37,172 in student loan debt. That represents a 6% increase from the previous year.

Outstanding student loan balances increased by 1.5% in Q4 2017 and delinquency levels remain high.

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