American Parents Feel The Squeeze Of Student Debt
The American dream for many families is to see their child grow up and go to college, so they can get a good paying steady, and successful job when they graduate, but what do they do with the debt they have?
Unfortunately, these days college is so expensive that parents who take loans out to pay for their children’s education will be paying those loans with no end in sight for years to come.
Not only has tuition been raised to an alarmingly high amount, but interest rates on student loans have become unreasonable.
The monthly payments are also usually very high and make it impossible for families on a fixed budget to pay more than the minimum at any time.
So how do you plan to budget for these payments before they start coming? When looking to set up a budget that works for you and your family, it is essential to look at how much income you have coming in and how much you have going out each month.
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