A Generational Approach to College Student Debt in America [Infographic]

Many parents have the dream of sending their children to college and having them return with a well-earned degree and on their way to a successful career. However, in today’s job market, it can take several years for college graduates to see the rewards of their hard work for four years.

For many students the weight of student loans and unemployment might have them moving back home with their parents to help save some money to pay off their education. The average college student had on average about $26,000 worth of student loan debt to their name when they graduated.

As college costs continue to rise, it can be difficult for families to help college students fund their education costs and students must look to student loans to help supplement their spending and tuition.

While school is a major investment, it can be a positive investment, as statistically, college graduates still earn significantly more than those that do not have a college degree. As more and more employers are looking for applicants with a Bachelor’s degree at the bare minimum, investing in education might be the only choice for future job seekers.

However, families and students should really research alternative forms of funding for school such as grants and scholarships. To get a better idea of just how much a college degree can cost you, check out this infographic by Consolidated Credit.

Going to school is a huge financial responsibility that should be planned out carefully and families should discuss the best way to find funding for higher education before turning to student loans.