Nate Baim, MBA, CFP®
How Student Loan Changes Impact You
Many early-and-mid career professionals are navigating the cost of student loans. And a recent announcement regarding student loans from the Biden administration will impact many Millennials and their student loan obligations.
Millions of U.S. college graduates have begun their careers with a crushing student loan debt balance. Forty million Americans owe more than $1.7 trillion in total loan debt. This means more than 50% of students graduate with significant debt. The vast majority of this student debt is federal student loans, with the remaining amount owed to private lenders.