Skip to the content

Tag: Millennials

Calculating the impact of student loans on retirement savings

“No one should go broke because they chose to go to college,” opined President Obama in a State of the Union address. This argument is difficult to fault. Yet, the average total cost of one year at a private nonprofit higher education institution in the USA rose to $42,419 in 2014, so it’s easy to see how high monthly loan payments could take the fun...