The American Dream has always included the opportunity to get an education, but with tuition on the rise, getting a college education can be tough. An expensive education can leave loans as the only option to pay.
Student debt has been said to be larger than credit card debt in the United States. And the future doesn’t look promising with an expiring law that could double interest rates again.
In addition, if you’re like many recent graduates, finding a job after college may not be as easy as the counselor’s all promised now that you’ve earned a degree. Without a job and steady income, making plans to pay back your loan(s) can be alarming. Many educators and professionals though still stress that a college education is a crucial investment.
Student loans can overwhelm a recent graduate. Look at your options and get ready for paying them back.
Saving for college can be worked into your overall budget.
Without a household budget, your spending is reckless and random. Work college savings into your budget to ensure your children have the best education opportunities available.
