So you try to stay on top of your bills. If you are successful, great. If not, you can be in a heap of debt. Maybe you have credit card debt, or have yet to pay medical bills, or maybe you need help with your mortgage. On top of all of that, perhaps you child or children are soon to be on their way to college and to having loans and debt of their own.
Even if they are still a ways away from college, it is time to start thinking now about the cost of their future. What you and your parents had to pay to receive a college-level education is not the same as what students are paying now and what students will have to pay in the future. Compare the disparity of cost with this infographic from ConsolidatedCredit.org on college student debt in America. If your child is a recent graduate, you may already know – a student graduating college today will have an average of $25,000 in student debt, and that is only for an undergraduate education. While the numbers may be a bit of a nail biter, you need to make sure that you’re planning ahead and saving properly.
Do those numbers trouble you? Tell us what you think in the comments!
Marcela De Vivo
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