To many people, this amount is nothing more than an outrageous number to balk at – an anomaly shared on the nightly news.
But for others, their share represents so much more. Fear. Shame. Frustration. A lifetime sentence of debt.
And for most, it represents regret – and a whole lot of it.
For the graduating class of 2016, the average debt load of indebted students surged over $37,000 for the first time. And nationwide, the delinquency rate on student loans is well over 11%.
Few students understand the ramifications of borrowing too much money for school, and even fewer grasp what their loans will mean to their lives five, 10, or even 20 years from now. But once they sign on that dotted line, we all know it’s usually far too late to determine if student loans are worth it.
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