Pay for your kid’s college? 3 times to think twice – Washington Post
- August 28, 2021
- By: Greenpath Financial Wellness
The Washington Post shares GreenPath’s insight into taking on parent debt when funding student education.
About 1 in every 3 dollars the federal government lent for undergraduate education last year were in a parent’s name. In total, federal parent loan debt is over $103 billion across more than 3.6 million borrowers, according to the office of Federal Student Aid.
The article highlights tips to manage finances shared by Kristen Holt, GreenPath’s President and CEO.
Paying for College
Although it can be complicated managing student loan debt, working with a nonprofit counselor can be helpful.
Counseling is free! GreenPath’s experts can walk parents and students through your options when managing your student loan debt. 91% of people served by GreenPath feel better prepared to handle their finances. Together let’s make a plan for managing your full financial picture to support your goals.