In 2019, student loan debt reached an all-time high at $1.41 trillion – a 6% increase from 2018. With the increasing costs of college, this number is only expected to increase in 2020. How do we fight the odds?
The new semester is fast approaching and students and parents are starting to make decisions about college costs. According to ConsumerReports.org and StudentLoanHero.com, parents and students alike should weigh the total costs beyond just tuition and housing in their decision process.
For a millennial, saving can seem like a scary word. We often look at saving as something meant for adults looking to buy a house or save for retirement, simply not applicable to us. However, starting to save in your 20's can have incredibly positive effects on your financial wellbeing as you continue into adulthood. Here are some reasons saving is important and some ways to start saving (even if you think you have no money).