College students headed back to school: Here's how to borrow student loans strategically
By: Erika Giovanetti
Many young Americans are going off to college and while this is an exciting time for students and their families, it can be easy to lose sight of the bigger financial picture.
A college degree can be quite costly, leaving many graduates saddled with student loan debt. Outstanding student loan debt reached is $1.7 trillion as of Q1 2021, according to the Federal Reserve. And the cost of tuition alone has risen 33% since 2000, and that doesn't even account for a higher cost of housing, food and other necessities.
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