Wednesday, July 18, 2012

Rising student-loan debt: What can families do? - Richard Burnett, Orlando Sentinel

It's tough for many Americans these days, as total student-loan indebtedness recently topped $1 trillion for the first time. And in Florida, where higher education at state schools has long been considered a relative bargain, average student-loan debt is growing faster than almost anywhere else in the country, according to a recent report by the nonprofit Project on Student Debt. Still, there are steps you can take to avoid student-loan "debtor's prison," experts say, whether you are supporting college students now, planning ahead for young children or going back to school yourself to prepare for a new career. "Getting some good advice in the beginning can help you keep out of a really bad situation," said Karen Carlson, director of education for InCharge Debt Solutions, an Orlando-based consumer-credit counseling service.

http://articles.orlandosentinel.com/2012-07-07/business/os-student-loan-debt-20120707_1_student-loan-debt-project-on-student-debt-college-students