I think it's safe to say that the majority of college graduates have some sort of student loan debt when they graduate. It's almost commonplace. If you've chosen a private school and financed the entire education, the debt can easily be in the six figures, and if you've gone to graduate school on top of that, you could be talking about $150,000 or more. It's a huge, incredibly daunting figure.
In this episode of Dan Danford's podcast for Dad's Divorce, he shares tips and ideas for handling student loan debt. Remember, as your children choose an educational institution, encourage them to choose a lesser cost school if they'll be incurring debt. It can make a huge difference in their lives down the road. The less debt they have, the more freedom they have in their careers. Watch Dan's podcast below for more advice.