Diplomas, degrees and massive debt – what’s the answer?April 30, 20191 min read
For most – this time of year is when parents get to watch their children become young adults as they accept their degree or diploma and ideally enter out into the world of careers and the workplace.
However, for most – it also means facing the reality of serious student debt.
As of last year, it was reported that …
- In America, the average student debt is $38,390.
- The median student debt is between $10,000 and $25,000.
- 2% of the borrowers owe $100,000 or more.
- The total US student debt was $1.52 trillion shared among 44.2 million people.
The numbers are staggering.
But what toll does this take on the career options of young graduates? Does the concept of debt discourage pursuing higher education? Why is education so expensive? And … what can, and should students be doing to avoid leaving school so deep in the red?
There are a lot of questions to be answered and that’s where our experts can help.