Calculations are based off of an estimated amount of total federal and private student debt of $1,396,335,480,000 as of October 1, 2016, and increasing at an estimated rate of $2853.88 per second.

Sources:

1. http://www.finaid.org/loans/studentloandebtclock.phtml
2. https://www.federalreserve.gov/releases/g19/HIST/cc_hist_memo_levels.html

1. Github Repo: https://www.github.com/good-idea/student-debt-calculator/
2. @typeof_goodidea