Question of the Day: What’s The Right Amount of Student Debt?

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Nov 14, 2014
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Paying for College, Question of the Day, Research, Personal Finance, Current Events, Video Resource

As seniors race to get their college applications completed, the question of how to pay for college looms large.  A recent research report from TICAS found that 70% of 2013 college graduates left school with an average of $28,400 in student debt.

So, how much student debt is too much?  This CBS video and article tackle the issue head-on while also providing students with some useful rules of thumb when it comes to the right amount of student debt.

This could lead to a great conversation as students discuss what they think is the right amount of debt for THEM and what factors they think are important in figuring out the “right amount.”

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About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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