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Student Loan Debt Hits $1 Trillion -- Pre-Paid College Tuition Plans May Make a Comeback

College Graduation

We thought we’d dodged a bullet. When the Consumer Financial Protection Bureau announced that student loan debt had passed the $1 trillion mark my first thought was one of relief since our last child is graduating from college next month. Even though his tuition has almost doubled during his tenure as a student at the University of California, we were fortunate that he will be able to graduate without student loan debt. That may change in the future if he decides to complete a graduate degree, but my husband and I wiped our brows with a collective sigh of relief.

 

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