Hanneh Bareham

2 weeks ago | yahoo.com | Hanneh Bareham

Key takeawaysThe average total undergraduate student loan debt ranges from $32,000 for public universities to $47,000 for private, for-profit colleges. This burden makes a significant impact on monthly expenses during repayment. Student loans are increasingly necessary to earn the education needed to compete in today’s job market.

1 month ago | texarkanagazette.com | Hanneh Bareham

Americans across the nation have undoubtedly felt the impact of inflation on their wallets over the last few months. Bankrate's Credit Card Debt Survey found that 50% of cardholders are carrying a balance month-to-month -- the highest percentage since 2020. Many others have student or personal loan debt. Financial struggles aren't the only effects of carrying too much debt. There's also the toll of high debt levels on mental, physical and emotional health and well-being.

2 months ago | yahoo.com | Hanneh Bareham

Key takeawaysCollege can help you expand your earning potential and job prospects. Determine whether a public or private school is the best fit for you. Public schools can be less expensive, but private schools tend to have smaller class sizes. If you’re unsure about college, you can take a campus tour, talk to admissions or financial counselors or talk to friends who have gone to college. Going to college is a big investment. Students spend thousands of dollars on tuition and other costs.

2 months ago | yahoo.com | Hanneh Bareham

Generate Key TakeawaysKey takeawaysIf college isn’t the right path for you, consider other options besides college like opening your own business or entering the workforce. Furthering your education through trade school, apprenticeships or certificate programs can be significantly less expensive than attending a traditional college. Some employers don’t require a degree, so you may be able to get a head start on your career without college.

2 months ago | bankrate.com | Hanneh Bareham |Jennifer Lee

Loans geared for community college are rarer than loans for four-year university programs. Federal loans are typically the best option for student borrowers. Some private lenders offer unique perks and repayment options. Prequalify when possible so that you can compare rate eligibility before borrowing. While most student loans are made with four-year institutions or graduate schools in mind, you can also find loans that can help with the costs of community colleges.