Avoid College Debt by Planning Ahead

Avoiding College DebtDid you know that the average student loan debt for a 2011 college graduate is $23,300?* It should come as no surprise that a recent study commissioned by Gerber Life reveals that 47% of parents are concerned that their child may graduate with a lot of student loan debt.

Loans are often a necessity to finance a college education. However, keeping loans to a minimum — and graduating college having little to no debt — is the goal.

How can a parent ease the burden of their child having to repay a large student loan? Starting to save for college while your child is young will help. Every dollar saved now with the Gerber Life College Plan is one less dollar that may need to be borrowed later.

*Federal Reserve Bank of New York

Please note: Articles and other information included on this website are intended for the general interest of our readers, and are not intended to express the positions or views of Gerber Life or to provide or constitute, legal, financial, health or other advice. Gerber Life makes no claims, representations, or warranties as to the accuracy, completeness, or appropriateness of this general interest information for your particular circumstances. If you need legal, financial, health or other services, you should contact a duly licensed professional.

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