As high school seniors and their families prepare to choose which college to attend, student loan debt looms large. Currently, 43 million Americans have student debt and the average household with student loan debt owes almost $48,000. More than 5 million borrowers are in default.
With the nationwide student debt topping $1.5 trillion, CBS News business analyst Jill Schlesinger urges families to discuss debt long before the college application process begins. Students and their parents need to look at what their loan entails. Before taking on debt, students should have an understanding of what their degree will be worth in the future job market.
“If you can graduate with a total amount of debt that is at least equal or lower tha…
Read the full article at: https://www.cbsnews.com/news/student-loan-debt-how-families-can-tackle-student-loan-debt-2019-05-02/
