As young people take steps toward their future and eagerly prepare to enter the world of higher education, they are now faced with the seemingly inevitable notion of graduating with at least some student loan debt. While students intend to land a job after graduation to pay off their loans, that task has become more challenging in recent years, as the country seems to sink deeper into a student loan crisis.
Some students today graduate with hundreds of thousands of dollars in debt, facing decades of high payments and interest rates. Let’s take a look at the causes and effects of the student loan crisis, and what you can do to avoid drowning in student loan debt.
Leslie Tayne | MarketWatch