Reported 15 days ago
In a discussion on managing student loan debt, expert Tricia Scarlata emphasizes the need for families to engage in open conversations about college affordability as over half of undergraduates graduate with such debt. She highlights that student loans are the second largest form of debt for Americans, stressing the importance of understanding the long-term financial implications, including the potential to pay almost double the original amount due to interest. Scarlata encourages utilizing resources like studentaid.gov to stay informed about options like student loan forgiveness and forbearance.
Source: YAHOO