$1,180,000,000,000 Yes, that is 1.18 trillion dollars. It represents the amount of student loan debt as of March 2014. For our youth, that means: * Delaying the purchase of a home * Delaying retirement and other savings * Less discretionary income and more stress The average cost of a 4 year public college is $80,000 The average cost of a 4 year private college is $175,000 The answer to helping our youth in saving for college? 1) Start Early 2) Set up a systematic investment program for them 3) Get help from a Financial Advisor in understanding 529 plans and potential long term growth with tax-free withdrawals.
Posted on: Thu, 15 May 2014 14:02:19 +0000
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