Student Debt is Leveling Off??

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With millions in default and graduates facing debt repayment that will limit home purchases and delay the start of families, the data suggest the average student’s debt is plateauing…

While that may be true for the average student, it’s not true for many parents.

As most students have borrowed as much permitted under the federal programs, the burden to over the remaining cost has fallen upon the parents.

For the 2015-16 academic year, almost two-thirds of PLUS loan borrowers were obtaining loans to help their children cover the annual cost-of-attendance.

Those parents may end up servicing that debt well into their retirement years.

The comfortable, affordable retirement years suddenly become quite a bit less so.

Interested in a better way to help your children cover the cost of an education?

We look forward to hearing from you!

 

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