USA Today – Susan Tompor
“When thinking about college debt, the big worry tends to be: Will a paycheck follow the college diploma? And will that job cover everyday bills, as well as monthly student loan payments? But as the high school graduation celebrations wind down and the borrowing for college heats up, the real question to ask should be: Will I end up with a big bunch of debt and no degree? A new report on the economic well-being of U.S. households gives an interesting glimpse on student loans and the challenges facing families. The Federal Reserve survey noted that 23% of adults currently have some education debt. In that group, about 15% had such debt for their own education; 6% had education debt for a spouse or partner; and 6% had college debt for their child’s or grandchild’s education.”(more)