Calculating the impact of student loans on retirement savings
Posted: August 17, 2015
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...
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