Comments on: Average Student Loan Debt By Year (Graduating Class) https://thecollegeinvestor.com/32031/average-student-loan-debt-by-year/ Navigating Money And Education Tue, 25 Jun 2024 19:53:20 +0000 hourly 1 By: SuzieQue https://thecollegeinvestor.com/32031/average-student-loan-debt-by-year/#comment-477136 Mon, 22 May 2023 23:10:56 +0000 https://thecollegeinvestor.com/?p=32031#comment-477136 About 25% of students earning BA/BS degrees take longer than 4 years to do it. That can run up the bill. It would save money to graduate in 4 years — or better yet, 3 or 3 1/2 years.

]]> By: Robert Farrington https://thecollegeinvestor.com/32031/average-student-loan-debt-by-year/#comment-465844 Tue, 29 Jun 2021 02:21:11 +0000 https://thecollegeinvestor.com/?p=32031#comment-465844 In reply to steven ely.

Here are your options for Parent PLUS Loans. We strongly recommend refinancing to a private company if you have assets and income, unless you’re still currently employed. In that case, it could make sense to look at programs like PSLF. Check this out: Options for Parent PLUS Loans.

]]> By: steven ely https://thecollegeinvestor.com/32031/average-student-loan-debt-by-year/#comment-465842 Tue, 29 Jun 2021 01:41:25 +0000 https://thecollegeinvestor.com/?p=32031#comment-465842 I have a parent plus loan for my older son, 160K 4 yrs. He graduated and I let the thing go for awhile. Now I owe 250K as a parent… interest is 8% thru US Dept of Ed and Nel Net is the servicer. Im 69 and Im gonna start making 2K payments a month but with that interest rate its goning to pass away first. i need to refinance at lower rate and any US dpet of ed benefits I can get…rather than private company. How can I get in tough with a student loan (parent loan) lawyer who specializes in these things? i’ve asked and went down many rabbit holes for yrs. Can you advise. (IE: Say I have 100k balance when I pass, can US Dept of Ed attach my kids’ inheritance/ trust?, name of specialty lawyer, name of refinance company? thank you very, very much!!

]]> By: Robert Farrington https://thecollegeinvestor.com/32031/average-student-loan-debt-by-year/#comment-456610 Wed, 19 Aug 2020 15:34:56 +0000 https://thecollegeinvestor.com/?p=32031#comment-456610 In reply to Shellie.

Trade school is a great approach. Dismissed by too many. In fact, a lot of small business owners are in the trades and started this same way!

]]> By: Shellie https://thecollegeinvestor.com/32031/average-student-loan-debt-by-year/#comment-456608 Wed, 19 Aug 2020 15:32:46 +0000 https://thecollegeinvestor.com/?p=32031#comment-456608 In reply to Stephanie.

Trade school… $2200/yr, my employer paid for it (electrical school), made a lousy $14-20 while in school, came out making $38/hr as an essential worker. Don’t poo-poo blue collar jobs, when automation takes the desk jobs and register work, SOMEONE is going to be needed to install, upgrade, repair, and program those machines!

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