It Doesn't Make Cents
It Doesn't Make Cents
Student loans: the elephant in the room

Student loans: the elephant in the room

You're not a bad person if you have student loans—and can't pay them

In the last 20 years, tuition costs have soared in the U.S. In-state tuition at public universities has increased about 158 percent during that time. Long gone are the days that our boomer parents reminisce about, you know, when you could work for a summer and save up enough money to cover tuition for a full year of school.

Many of us, especially Gen Xers like me and millennials were told to go to school and get a good job. Even with student loans, our parents told us it was worth it. Surely we'd get good jobs and be able to pay off the student loans with ease. So let's take a look at student loans. Let's talk about the realities of where we are right now and how it's okay. If you don't plan to pay off your student loans early or even at all.

There has been much hand-wringing over the more than $1.6 trillion in outstanding federal student loan balances.

Here’s where we stand:

Is a college education the best route?

We should remember that many of us, especially Gen X, Millennials, and older Gen Z students, were TOLD to get student loans because it would lead to better jobs and it would be so easy to handle the debt.

While a “traditional” four-year degree might not be the only way to success, there are indications that it can still be one way to get ahead and make a good living. Don’t assume that it’s a scam or not necessary. Figure out what works best for you.

Federal student loan resources

Student loan forgiveness

Here are different sources that discuss the popularity of student loan forgiveness:

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It Doesn't Make Cents
It Doesn't Make Cents
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