Things to Know about Student Loan Debt

Student loan debt levels are distressing. While debt taken on by recent graduates averages $30,000, there are some loan packages worth over $100,000. All parents analyzing loans should read about this cautionary tale.

Whether or not the Supreme Court ever clarifies the legal issues surrounding dischargeability of student loans in bankruptcy, there are dozens of details that both parents and students need to understand now, before they ever sign on the dotted line. Here’s an article listing “the top ten student loan tips for recent college graduates” that really should be read by all families of soon-to-be college students.

For those who want to understand the debt debacle in more detail, read this NY Fed report.

And, to learn more on how to minimize student loan debt, read our January blog.