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2.3M views · 31K reactions | The average student loan debt per borrower is nearly $40,000. With an average interest rate of 5.5%, that works out to about $393 a month. And here’s the kicker: it typically takes borrowers 17 to 23 years to pay off those loans. Now, let’s do the math that really stings. Paying $393 a month for 20 years adds up to over $94,000 — on a loan that started at just $40,000 when you graduated. | George Kamel | Facebook
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If your parents took out a loan for you in their name and agreed to pay for it, that debt is theirs — not yours. 🎓💸 Even if the loan helped pay for your education, you’re not legally responsible for a debt you didn’t sign for. It might be emotional and complicated, but it’s ultimately not on you. #studentloans #loan #parents #parenting #debt | Ramsey Solutions
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