As I’ve told all my students: do not go into debt for college. If you are getting a STEM major, then consider it only under wise counsel. Any other major: absolutely not!
Student Debt in America Has Hit a New Record
Total U.S. student debt hit a record $1.31 trillion last year, the 18th consecutive year Americans’ education debt rose, according to the Federal Reserve Bank of New York. Outstanding loans taken out for higher education have doubled since 2009, data show. No other form of household debt has increased by as much since then.