According to Barclays economist Adrienne Yih, the bank estimates a potential aggregate $15.8bn monthly headwind - or $190 billion per year - to US spending as the average student debt holder sees an incremental monthly payment of ~$390 beginning this fall. This represents an ~8% headwind to monthly personal income, affecting 16% of the US population, and adding pressure to not just consumer discretionary and apparel, but all retail spending. 

Agree Icecold, Just like our trades.