How Much Student Loan Debt Is Too Much? 2 Fantastic Rules of Thumb for Borrowers
A good 43.5 million Americans owe money in the form of student loans. And with the average student loan balance surpassing the $37,000 mark, it's easy to see why that debt is such a burden for so many people.
If you're looking at colleges or graduate programs, you may be wondering how much student loan debt you can reasonably afford to rack up. And the truth is that there's no preset formula to answer that question. But if you follow these two rules, you can potentially set yourself up to avoid financial struggles in the course of repaying your student loans.
Image source: Getty Images.
Source Fool.com