By Paul Schmitt
Student loan debt continues to rise and the national statistics show that the challenge of managing the debt is growing. According to the latest reports, Americans owe nearly $1.3 trillion in student loan debt. Last year’s graduates averaged over $37,000 in loan debt which reflected a six percent increase over 2015. We Are HOPE of Door County CEO Sandy Duckett says that the new leaders in the U.S. Congress need to make changes to the system to help students manage their debt.
Duckett recommends that students should visit with advisors at organizations like Money Management Counselors before taking out financial loans. Students loan payments have exceeded home mortgage payments in some cases, according to Duckett. This is the first in a weekly series on the managing student loan debt.