According to the Federal Reserve, students owe $1.77 trillion in student and federal loan debt with monthly payments ranging between $200 and $300. WATCH the ABC News Livestream: bit.ly/3rzBHum SUBSCRIBE to ABC News: bit.ly/2vZb6yP WATCH MORE on abcnews.go.com LIKE ABC News on FACEBOOK: facebook.com/abcnews FOLLOW ABC News on TWITTER: twitter.com/abc #studentloans #loandebt #federalreserve #abcnews