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Personal Finance in Your 20s & 30s, 5E by Susan Shelly McGovern, Sarah Young Fisher

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CHAPTER7

Student Loan Debt and Costs of Education

In This Chapter

  • The staggering cost of student loans
  • Not all student loans are the same
  • Getting a handle on exactly how much you owe
  • Paying off your loans without sacrificing your future
  • Weighing the costs and benefits of more education

You’ve probably heard the grim statistics regarding student debt: a recent study by NerdWallet found that the average for each household carrying student debt is $47,712, and collectively, Americans owe $1.2 trillion in student loans. The only thing we owe more money on than student debt as a nation are our mortgages. Of all that money, 70 percent of it is owed ...

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