Quote Of The Week: How To Tell If Your Student Loans Are Too Big

“If your total debt at graduation is greater than your annual income, that is an indication you’ve graduated with excessive debt.”

Mark Kantrowitz, the publisher of Savingforcollege.com, as quoted by Jillian Berman, “Which Student-Loan Repayment Plan Is Right for You?,” The Wall Street Journal, September 3, 2018

Got student loans? Check out this Wall Street Journal article for solid tips on how to pay it back without ruining your life. Start with an overview of what you owe to whom, what payment plans you can choose from, and when it makes sense to consolidate.

More Tips:  Yes, of course, follow your passion, but if your path takes you to any one of these high-demand, top-paying STEM careers, paying off your loans shouldn’t be much of a problem. (Source: Bloomberg & Bankrate)

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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