The cost of higher education has skyrocketed to unprecedented levels at an annual rate of 2% over the past 10 years, making it harder than ever for future college students and their families to adequately prepare.
Despite efforts to get ahead of these costs, a survey conducted by Betterment at Work revealed 43% of recent Gen Z graduates are burdened with student loan debt. As the Supreme Court and denied the White House’s efforts to provide loan forgiveness, many borrowers are not prepared for repayments to resume this month.
