As of 2022, Americans owe more in college debt than ever before. There are 44.7 million people with outstanding student loan debt amounting to $1.71 trillion. However, many people don’t even explore ways to graduate college debt-free. When you graduate with college debt, it results in 3-4 years of a setback in achieving financial freedom. Each month, a chunk of your paycheck will go to paying off student loans; this money could be invested instead if you graduate college debt-free. If you graduate college debt-free, you get to start fresh and have the freedom to start planning your path to financial freedom right away after college.