6 Steps For Tackling Higher Education Costs

Contributing sentiments towards policy:

67% : If you need additional help paying for college costs after applying for grants, scholarships or other forms of aid, student loans may be a good option.
59% : There are two main types of student loans, federal and private.
56% : While many parents and grandparents began planning for this milestone by saving for college when their children were still young, tuition increases have gradually outpaced incomes, forcing many families to rely on student loans to help foot the bill.
56% : Balances of student loans have eclipsed both auto loans and credit cards, making student loan debt the largest form of consumer debt outside of mortgages.
54% : Evaluate the need for student loans.
52% : The New York Federal Reserve reports that student loan debt is the only form of consumer debt that has grown since consumer debt peaked in 2008.
52% : There are also many options available to grandparents seeking to help fund a grandchild's education that can do double-duty in the areas of tax and legacy planning.
51% : According to a recent report, 48 million Americans have student loan debt totaling nearly $1.75 trillion.
50% : To make sure you're not leaving money on the table, enlist the help of your financial advisor or tax professional to complete your FAFSA form to help determine your eligibility for aid.
49% : As student loan debt continues to rise, the public debate over education loan forgiveness continues.
49% : While avoiding student debt altogether would be the ideal solution, it's just not feasible for many students and their families.
45% : Critics of cancelling all or a portion on student debt believe it would disproportionately benefit wealthier families and individuals, while proponents think the student loan burden is far more nuanced.

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