With two of three children already in college and a third possible entering in three years, avoiding student debt has been a topic of conversation in our house for some time now.
We have talked to our three children about making an educated decision from the beginning. Looking at the complete picture of a higher education choice, including what a career in their chosen field might look like when they graduate, factoring the potential job market and salary.
If they work backward like this, it’s easier to make better choice upfront and understand the total return on investment (ROI) of their college degree.
Considering in our home state of New York 59% of College Graduates have debt, with their average debt totals over $29K after earning a degree, its clear more conversation on the topic need to happen.