What do Halloween and Graduation Day have in common? Both are frightening.

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Dvorkin on Debt, student loans

When college graduates walk across the stage in December, don’t be surprised if they’re shuffling toward their diploma like a zombie seeking brains to eat.

That’s because the moment they pick up their degree, they’re also making payments on a scary amount of student loan debt. Only a few days before Halloween, a Harris Poll revealed some terrifying news: Many student loan borrowers have little money left over for other important purposes. For instance…

  • 39 percent have delayed saving for retirement
  • 30 percent have delayed buying a home
  • 18 percent have delayed setting a college fund for their children

Don’t let these spooky student loan stats make you brain dead. You don’t have to live in fear. Watch this short Halloween-inspired video…

…and instead of eating brains, ease your mind. Debt.com can help. Check out our Student Loan Education Center, or call one of our certified credit counselors at 1-888-472-0365 for a free debt analysis.

 

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The views and opinions expressed in this article are those of the author(s) and do not necessarily reflect the opinions and/or policies of Debt.com.

About the Author

Howard Dvorkin, CPA

Howard Dvorkin, CPA

I’m a certified public accountant who has authored two books on getting out of debt, Credit Hell and Power Up, and I am one of the personal finance experts for Debt.com. I have focused my professional endeavors in the consumer finance, technology, media and real estate industries creating not only Debt.com, but also Financial Apps and Start Fresh Today, among others. My personal finance advice has been included in countless articles, and has appeared in the New York Times, the Washington Post, Forbes and Entrepreneur as well as virtually every national and local newspaper in the country. Everyone should have a reason for living that’s bigger than themselves, and besides my family, mine is this: Teaching Americans how to live happily within their means. To me, money is not the root of all evil. Poor money management is. Money cannot buy happiness, but going into debt always buys misery. That’s why I launched Debt.com. I’m glad you’re here.

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Published by Debt.com, LLC