THE1%

Wall Street Bonuses Could Pay Off These States’ Student Loans

Mar 11, 2015 at 6:24 PM ET

Last year, the employees of New York City’s securities industry got a total of $28.5 billion dollars in bonuses alone. If they all gave up their bonus for one year, those people could name any one of 40 states in America and pay off all of its residents’ student loans in one fell swoop—with cash left over.

Just helping one state not enough? No problem. That $28.5 billion could also be used to clear all the student debt of people living in 9 states—Rhode Island, Hawaii, Montana, Delaware, South Dakota, Vermont, North Dakota, Alaska and Wyoming—combined.