Many people use student loans to finance their educations. These can be very helpful when it comes to paying for an education. However, many students are getting trapped by student debt. In light of this, young people who are heading off to college should consider all their options before borrowing money. Here are five facts that incoming college students need to know about student loans.
1. The Debt Bubble
Student loan debt is in the trillions now. Although there has been some talk about finding ways to reduce the costs of college - New York State just made tuition free, for example - college is still very expensive for most students right now. On average, students graduate now with more than $30,000 in debt. Many find that this amount of
1. The Debt Bubble
Student loan debt is in the trillions now. Although there has been some talk about finding ways to reduce the costs of college - New York State just made tuition free, for example - college is still very expensive for most students right now. On average, students graduate now with more than $30,000 in debt. Many find that this amount of