Are You Pre-Approved For College?
By now, we’ve all seen this storyline unfold before – a recent college grad is buried in six figures of student loans, has no foreseeable job prospects, and has been forced to move back in with Mom and Dad. More and more, college-educated adults are returning to the nest, putting off first-time home purchases, and delaying marriage and having children. In large part, this is because they are financially overburdened with student loans – a growing trend that isn’t good for individuals, nor our economy as a whole.
So, how’d we get here and how do we fix it?