The Reality of Student Debt
Student loans may be necessary for you to reach your goals—which usually means a higher income for college graduates—but it’s important to know how borrowing for that investment might impact your life down the road. The majority—59 percent—of Indiana students at a four-year college had some student loan debt at graduation. The average Indiana graduate’s college loan debt in 2017 was $29,562.* What do those numbers mean in real life? Using the student loan calculator at FinAid.org, an individual with student loans of $29,562 would have monthly payments of $340.20…
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