1. (n.) The act of vindicating, or the state of being vindicated; defense; justification against denial or censure; as, the vindication of opinions; his vindication is complete. 1  2. (n.) The claiming a thing as one's own; the asserting of a right or title in, or to, a thing.
Almost identical to the size of the average student debt: $27,000. Over 10 years, a typical term for a student loan, the average debt of $28,200 will require a monthly payment of $284 a month at the current federal loan rate of 3.86% According to Experian, the average new car loan today has a monthly payment of $471. Getting into college is hard enough.
By Erin El Issa. Debt is as American as apple pie: The average household has $134,643 in debt. For households that carry credit card debt, it costs them about $1,300 a year in interest. Itâs time to take action. Debt is a way of life for Americans, with overall U.S. household debt increasing by 11% in the past decade.