"Former President Michael Young, who was hired away by Texas A&M University earlier this year, made $622,008 in annual compensation as UW president, plus $193,500 in deferred compensation, a $12,000-a-year car allowance and $26,000 a year in retirement funds. Texas A&M offered him more than $1 million in compensation." -Seattle Times

The Economist reported in June 2014 that U.S. student loan debt exceeded $1.2 trillion, with over 7 million debtors in default. In 2014, there was approximately $1.3 trillion of outstanding student loan debt in the U.S. that affected 44 million borrowers who had an average outstanding loan balance of $37,172. -Wikipeadea