Sunday, September 25

Tag: Student Debt

Paths to avoid crippling student debt
Business

Paths to avoid crippling student debt

Twenty-eight-year-old Kera Cheney works for the government, lives in a basement apartment with her boyfriend in San Francisco, and stresses about her college loans. Her student debt now stands at around $280,000.  She followed the classic recipe for success, by graduating from Penn State. But now, she's facing down decades' worth of debt. Correspondent David Pogue asked her, "Have you ever tried to figure out, 'If I put aside this much a month, this is the year I'll pay off that $280,000'?" "That would be the goal," she replied. "I've always thought of winning the lottery!"And Cheney's not alone: 43 million Americans now carry student debt. They owe the government more than $1.7 trillion. About two-thirds of all graduates leave college carrying debt. ...