I think we can all agree that a college education can be expensive. In fact, in many cases a four year degree can easily run upwards of six figures. You may have recalled one of my posts last week that talked about saving for your child’s college education versus saving for retirement. This generation is in a unique position of having to not only focus on saving for retirement, but trying to balance the inevitable college expenses and possibly even helping to support aging parents.
That is a lot of financial responsibility falling on our shoulders. Luckily, when it comes to financing a college education there are a lot of options out there. Here’s an interesting graphic that was passed along to me that illustrates the true cost of college and student loans. It’s some easy reading for a Friday. Do the numbers surprise you?
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Filed Under: Personal Finance
About the Author: Jeremy Vohwinkle is a Chartered Retirement Planning Counselor® and spent a few years working as a financial planner. Today, he helps people make the most of their money by writing about personal finance here and elsewhere on the web. Jeremy is also Coach at Adaptu and a regular contributor for other publications such as Intuit, and American Express. Be sure to follow Jeremy on Twitter or Google+.