US student debt has reached over $1.2 trillion as the cost of college has increased over 1,000% in 30 years, far outpacing wage growth and inflation. 39 million Americans have student loan debt, with the average student owing $27,000. Many borrowers struggle to repay their loans, with 1 in 10 defaulting within 2 years and 1 in 8 having a past due student loan account. A new crowdfunding platform called Yousery allows graduates to pledge community service projects in their field of study in exchange for donors making small recurring donations to help pay off the graduates' student loan debt.