43.5 Million Americans Have Student Loans. Here's How to Help Your Kids Avoid Them.
You may or may not find it shocking to learn that 43.5 million Americans owe money in the form of student loans. All told, U.S. student debt totals $1.78 trillion.
By contrast, total U.S. credit card balances came to $917 billion as of 2023's first quarter, according to TransUnion. Clearly, student loan debt is a much bigger issue.
If you're someone who's paid off student loans (or is currently still trying to chip away at those balances), you'll want to spare your children the burden of dealing with education debt. If you do the following, you might manage to help your kids keep their borrowing to a minimum or even avoid student loans completely.
Source Fool.com
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