The average senior will graduate with a diploma, a degree and debt. With the rising cost in tuition and an increasing need for loans, seniors are pressured to find a job before June when the bills start piling up.
Now that my four years are done, Im actually starting to think about having to pay back my loans, senior Alison Stone said. Im nervous I wont find a job that will pay enough.
The average student graduates with about $20,000 in debt and pays it off in about 10 years if they follow the loans plan, make their monthly payments on time and do not consolidate their loans, said Paula Benson of Student Financial Services. Students who consolidate their loans to lower their monthly payments may need up to 30 years to pay off their
debts...