The High Cost of Student Loans | WYPR

The High Cost of Student Loans

Mar 24, 2016

Credit CollegeDegrees360/Flickr via Creative Commons

Is college still a smart investment? Is rhetoric about the danger of student loans overblown? According to the New York Federal Reserve, student loan debt now tops $1.2 trillion dollars, surpassing both auto loans and credit card balances. Beth Akers, an expert on the economics of higher education with the Brookings Institution, explains what’s driving up college costs and why households carrying student debt aren’t actually worse off economically than households without this burden. Plus, do you feel buried under student loans? Nina Heck, Director of Counseling and Client Relations for Guidewell Financial Solutions, demystifies repayment options and offers strategies to square away your finances.

Check out this tool for choosing a college: College Scorecard