By Tim Kowols
Students beginning their higher education journey are being encouraged to keep a closer eye on their potential loan debt before they even take their first course. According to the Washington Post, older Americans are taking out loans to help out their kids and grandkids pay for school at a pace eight times more than they did just 10 years ago, totaling $66.7 billion in 2015. Gay Pustaver from Money Management Counselors suggests students stay current with their school-related finances and not put it off completely until after graduation.
After working in financial aid offices for many years before joining Money Management Counselors, Pustaver became one of the first 50 certified student loan debt advisors in the country last year. You can listen to the entire Money Management Monday interview with Gay Pustaver online with this story.