Americans are drowning in student debt. Collectively, 43 million adult Americans have racked up $1.5 trillion in federal student loan debt, PLUS another estimated $119 billion on student loans from private sources that are NOT backed by the government. The average student loan payment is $393 per month, and an estimated 40% of borrowers expect to default on their loans by 2023.In this blog, we’ll discuss seven options that could help you save money during your higher education years. Some of these are not ‘conventional,’ but I included them to make you think outside the box!
It’s that time of year again - kids are heading back to school. According to the National Retail Federation, families will spend around $696.70 on back to school items K-12, and $976.78 on back to college expenses. As a parent of two, I can relate to how hard-hitting this time of year is to the wallet.
So how can you cut some of these costs? I have a few, easy-to-follow tips for you!