Okay. So this will offend or at least irritate some people: I am opposed to my boys taking out loans to pay for college. I’m not ruling out the possibility completely, but I certainly intend to do my very best to avoid them going into debt for school.
Did you know that student debt has topped a trillion dollars?
The mind boggles.
In my humble opinion, the reports that suggest that there is a relationship between the explosion of student loans and the explosion of tuition costs are on to something.
Anyhow. This infographic is a pretty interesting read, and there’s a code you can scan at the bottom to see how long it’ll take to pay off loans you get. Enjoy.
Earnest Parenting: help for parents who want to control their kids’ debt.