How much does college debt effect someone?

Still, while some view overall student loan debt as limiting for the U.S. economy, others see it as an important investment in human capital. Although many economists have looked into how student loans affect the economy, it can be tricky to measure the impact student loan debt has on an individual level. read more

A large college debt is pretty much the same as a home mortgage except for a couple of differences: With a home mortgage, you’ve got a house to live in. With a college degree, you’ve got a piece of paper. read more

Total student loans outstanding have risen to $1.1 trillion, compared with $300 billion just a decade ago, according to the Fed’s study. The average total debt for student borrowers was around $30,000 in 2013. No wonder borrowers have been reluctant to start businesses or to buy homes. Student loan debt may also affect career choices. read more

Student-loan balances have skyrocketed over the past decade, and that could have a very negative effect on the economy. Outstanding student loans have nearly quadrupled since 2004, to just under $1.2 trillion, according to the Federal Reserve Bank of New York. read more