Do Students Know Enough About Their Loans?

Steve Scher
09/02/2010 at 10:00 a.m.

In June, the national amount of student loan debt reached $830 billion; surpassing credit card debt for the first time. Today, the average American student graduates with almost $25,000 in debt. Can a teenage student appreciate the forthcoming weight and responsibility of the expensive loans they agree to? What should colleges be doing to inform students and their parents? How have student loans affected your life and education? Share your stories and ask your loan questions by calling 1.800.289.KUOW.

Guest(s)

Andrew Gillen is research director of the Center for College Affordability and Productivity.

Kathy Edwards is a debt counselor with Apprisen Financial Advocates.

Ron Noborikawa is senior associate director of the financial aid office at Pacific Lutheran University and is responsible for the student loans division.