5 College Debt Myths You Can't Afford to Believe
NEW YORK (TheStreet) -- The end of April signals a big decision for millions of high school seniors: What college or university will they call home for the next four years?
In most cases, their parents will have a big say, as in many cases they'll be paying for that college education.
It's also a big time of year for graduating college seniors, who'll enter the "real world" and start paying back their student loans.
Both groups -- high school and college seniors -- will need all the help they can get in dealing with increasingly burdensome student loan debt.According to the Project on Student Debt, 2012 college graduates owe an average $29,400 in student loan debt. That's up from $18,750 in 2004. ideas about student loan debt: Myth 1: College is out of my reach unless I take out massive loans. The cost of college is high, Sullivan says, but there are other ways to pay for it. "Students can keep the costs in check by exhausting all options for grants and scholarships, getting a job to offset the costs and sticking to a budget," he says.
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