By now, almost Americans are aware of the growing amount of student debt many folks are carrying. In fact, according to a report from LendingTree, the total U.S. student loan debt reached $1.5 trillion earlier this year, up around $600 billion 10 years ago. They also cite data from the Pew Research Center revealing that 37% of adults under 30 have at least some student debt. No doubt about it, all this debt has a big impact on whether someone is able to buy a home or chooses to rent.
“Incurring student debt isn’t necessarily a bad thing, and the return on investment — for those who leave school with degrees that are valued in the marketplace — is generally well worth it. The biggest problems tend to arise when people take on debt to attend programs they don’t complete or aren’t properly accredited or are generally unethical.”
Click here to read the full story on LendingTree.com.
