Today, the average student graduating from a four-year, public university leaves with $28,600 in student loans. On top of this, students owe interest once payments kick in, and this can range from 3 to 5 percent for federal loans and can go as high as 12 percent for private loans. For some, the large sum of these loans plus interest can take several years to pay off and has a big effect on life decisions like when to start a family or if they can afford to leave a toxic job. This week – we talk about the student loan crisis in the U.S. and alternative options and resources that can help to lower the current cost of higher education.
Links for more information:
- US News: 10 Reasons to Attend a Community College
- Federal Student Aid: Find and apply for as many scholarships as you can—it’s free money for college or career school
- Clark.com: 12 Best College Scholarships Websites Plus Other Resources