Valuable insights from Lynn O’Shaughnessy
a nationally recognized college expert.
Income-based repayment plan
July 7, 2015
How Much Parents and Students Are Borrowing for College
As recently as the early 1990s, most students did not take out college loans. Today nearly 71% of students borrow to pay for college. The typical student borrower graduating with the class of 2015 left college with an average debt of $35,051, according to an analysis by Mark Kantrowitz, the publisher of Edvisors.com. In Kantrowitz’s chart below, you will see that the...