The data on the topic is becoming difficult to comprehend: the total amount of outstanding student loans reached an all-time high in 2020—$1.6 trillion. Based on the current rate of growth, this number can reach $2 trillion by 2024.

About 43% of Americans who went to college took on some form of debt in order to get through their studies. However, when it comes to today's students, the situation is even worse. Roughly 54% of them need to borrow money to cover their educational costs.

Most of this debt is carried by younger adults. Borrowers between the ages of 25 and 34 carried roughly $498 billion in federal student loan debt as of the second quarter of 2019. Adults ages 35-49 carried even more debt, with student loan balances totaling $558 billion. Meanwhile, those who are 50-61 owe about $230 billion in student loans.

Kelley Marie, one of the people who contributed to the thread, was already a mom when she took her student loan. "I knew I needed to do better for myself, for [my kids'] sake as well as mine. I simply could not afford college on my own, so it was a risk that I simply decided to take," she told Bored Panda.

Her total debt at graduation was about $65k. "I have both federal loans and private loans," Kelley said. "When I first graduated the payment was undoable, something like $750+ so I deferred my federal loans and ended up on interest on for my private ones. It piled up for the first several years (my first job out of school only paid about $30k) and at that time I was a single mom to two kids."

The program Kelley wanted was a private university and there wasn't another one in the area where she lived. "I want to say that maybe I would have chosen another field, but that really sucks to be stuck in that situation. I don't know how I could have worked more (I freelanced during college) between full-time classes and being a mother. But that being said, my older girls are now 18 and 16, and I am pushing them to take out as few loans as possible. Me drowning in my own loans kept me from saving for their education. But I can help them navigate the system in a way my parents did not. Searching for jobs that offer grants, and comparing schools."

Another Twitter user who shared the details on their situation was @LBoogie5. They said they wanted to complete their dream of going to and finishing college and also didn't have a way to pay for out of state tuition.

"I took about $80K in federal loans and $50k in private. With compounding daily interest the amount owed ballooned to $195K," they said. "I have since paid off the higher interest (12%) private loans ($70k in total) and some of the federal loans, leaving me with $103K left."

If they were to go back and do it all over again, @LBoogie5 said they would not take out the private loans as they don't have much payment flexibility.

Izeek Onigbiinday said they didn't really think about it when they were applying for their student loan. "I was more focused on school and making sure I had enough money to be able to pay for my classes," Izeek explained.

"I went to a private out of state school so it was pretty expensive, about $40-50k per semester, plus having to borrow to cover my fourth year since it was all rotations which required living in different states and getting an apartment which all had to come out of pocket on top tuition."

"If I could do it again I would borrow [too] just because the reward of my career now is worth it," Izeek said. "As a pharmacist, I make enough to pay for my loans and not have to paycheck-to-paycheck and I am grateful for that. The only thing I would probably change is deciding to go to medical school, only because I would have the opportunity to specialize and make even more money."

For Scott Quenette, another person whose tweet you can see in the thread, a student loan was the only way to go to college so he took it on as a necessary evil. "[My] loan total is around $150k, including interest," Scott told Bored Panda. "I've paid $18k so far and it's all been interest so I just assume I'll be paying it forever. It's all federal so it's manageable. Just an annoying bill every month."

If he were to go back in time and plan his higher education all over again under the same circumstances, however, Scott would probably make the same decisions. "I might try a few things differently so I could actually pay it off but at this point, it's not breaking me."

"My overall point has not been 'get me off the hook for this' but that I could be putting that money into the economy, this is an economic stimulus more than anything," he said.

Yes, the sheer size of student debt weighs not only on the millions of people who owe it but is a burden on the U.S. economy as well. About 92% of student loan debt is backed by the U.S. government, making it a huge political issue.