As you may have heard, the Consumer Financial Protection Bureau recently announced that student loan debt has now surpassed the trillion dollar mark. Just last year, students borrowed over $117 billion in federal student loans and we are on track to match or pass that mark again this year; the numbers are sobering. With the economy still struggling and graduates continuing to have difficulty in finding employment, it’s simply not feasible for students to continue this trend without serious financial ramifications for everyone. But, is it possible to graduate debt-free and reverse this trend? Read the rest of this entry »
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