Did you know, student loans leave college graduates an average of $20,000 in debt when they finish school?
Although there are significant benefits to justify earning a college degree, including better employment opportunities, access to higher paying jobs, and the broadening of social and mental horizons. But even with these, and many other benefits, one in two high school graduates chose to forgo the potential benefits because they cannot justify the cost and financial hardships most new college graduates find themselves facing. Collectively, American students owe more than one trillion dollars in debt incurred from student loans to finance their education.
Frugal Dad explains these costs, and the subsequent hardships faced by college grads in the following inforgaphic.