Debt Management for Students
Unless their parents put in place planning for post-secondary education students will owe close to $30,000 upon graduation. It is estimated 74% of students will owe this amount when they graduate and most will need even further training to be successful in their chosen field. In addition the cost of tuition for a number of specialized professions has dis-proportionately risen in recent years – putting these students at risk for even higher debt loads upon graduation.
Many students fear they may not find a high enough paying job/career to effectively pay down their debt and cover day to day expenses. If you find yourself or someone you know in this situation refer them to a debt management professional such as your financial adviser.