According to The Federal Reserve Bank of New York there is $1.51 trillion of outstanding student loans in the U.S. held by 43M Americans, equal to an average of $35,100 per person.
You may be surprised to learn 19% of Americans that have outstanding student loan debt from college are over the age of 50.
If you would like to discuss strategies for paying off debts, and/or funding college expenses please call us.