With diplomas from prestigious universities in hand, Bobby Matson and his wife Nicolle were flying high after graduation.
But within a few years, they watched the life plans they’d sketched out slowly fade as they became paralyzed by the $200,000 debt they racked up to get through college.
Despite finding well-paid jobs in Los Angeles, they were forced to scrimp each month to meet their hefty student loan and credit card repayments.
“We didn’t really think we could afford a home or have kids, because we just didn’t know what that would mean financially for us,” says Matson, who studied business at the University of Michigan, while Nicolle majored in fine arts and multimedia design at Northeastern University in Boston.
