Mixing a bit of personal finance and education today. This is something that was talked about a few years ago, but is now making news. Student loan debt in the USA now sits at a staggering 1.5 trillion (and growing) dollars. This debt has outpaced credit card debt, and other consumer debt to become the largest debt held by Americans outside of their mortgages.
What do you think? Is this attacking the symptom over the disease? Is this something that might catch on? Comments welcome!
see the full article here
Student loan assistance may become as popular as 401(k) plans
- Around 70 percent of college graduates are in debt today. The average person leaves school $30,000 in arrears, and many owe more than $100,000.
- Hundreds of companies are now offering student loan assistance to their workers.
- “It’s as meaningful to recent graduates as 401(k)s,” said Meera Oliva, chief marketing officer at Gradifi, a Boston-based firm that designs student loan repayment programs for companies.