The Scourge of Student Debt

Scourge: noun [skurj] A cause of affliction or calamity. There is no doubt about it, student loan debt is a scourge, particularly for Millennials. A recent TransUnion study found that a decade ago, student loans accounted for only 12.9% of the total debt load carried by people ages 20 to 29. It now stands at 36.8%. Moreover, the average student loan balance for those with loans jumped to $29,575 from only $17,442 in 2005. Student loan and credit card debt is killing Millennials. If a young person is constantly focused on Read the Full Story