College

If you have a child starting or going back to college, there are so many factors to consider when thinking about the best plan for continuing their education.

If you are the parents or grandparents of a child of any age chances are good that the escalating costs of higher education are on your mind.

Walking across the stage and receiving your university diploma can be the first step towards the daunting world of adulthood. The structure that educational institutes provide is now replaced by an empty void that we must fill with a professional career. It is commonplace to be riddled with uncertainty!

But there is one thing that will certainly be staring at you after graduation - student loan debt.

As college tuition continues to rise to unprecedented levels, student loan debt continues to rise as well. Between 1980 and 2016, tuition at public universities jumped 344 percent, while private universities saw tuition rise 241 percent.

In 2018, student loan debt in the U.S. reached $1.5 trillion. With a continued increase in college tuition, it's likely that even more young adults will be turning to loans in order to finance their education. 

With the average student loan debt coming in at around $38,000, it's important to have a plan in place to pay off those loans once you enter the workforce. If you've left school with student loan debt, here are some of the things you can do to help pay off those loans easier and faster:

Too wealthy for financial aid and too strapped to pay out of pocket? Turn to other options.