Consumer Reports: Avoiding Student Debt
AVOIDING STUDENT DEBT
You may think college is necessary to land a good-paying job, but at what price? When Consumer Reports surveyed more than 1,200 people who left college with student loan debt, 45-percent said college was NOT worth the cost. In the Consumer Reports nationally representative survey of student loan borrowers, 44 percent said theyve had to cut back on daily living expenses, about one-quarter have had to delay major financial goals like buying a house, and 12 percent have put off getting married.
So how do you avoid buyers remorse? Experts at Consumer Reports say its all in the planning.