With the cost of college on the rise, families are looking for affordable schools.
The average four-year college graduate has nearly $35,000 in debt. Right now, there is $1.4 trillion dollars of student loan debt in the United States. That’s more than the amount of credit card and auto loan debt.
Financial experts say while out looking at colleges there are things you can do to avoid the debt. Number one, don’t get sold on one college. Look for colleges you can afford.
Secondly, get in front of the numbers. Write down how much you’ll need in student loans over four years. Then figure out what your monthly payments will be after college, so you don’t get blindsided by SallieMae/Navient.
Also, have a conversation with teens about how to pay for college.