A recent study found that having a student loan debt can make borrowers significantly worse off for the rest of their lives. According to Fuseworks Media, a couple with a student loan debt of $30,000 each "will be $240,000 worse off in retirement than a couple without debt but with the same earnings, principally because of the delay in entering the housing market".
Studying can enhance your future finances, but for many, student loan debt is a path to long term financial disadvantage. Be careful.
Studying can enhance your future finances, but for many, student loan debt is a path to long term financial disadvantage. Be careful.