The best-case, and the worst-case for college debt

Fowell Hall
University of Minnesota Folwell Hall, a century old building on campus that houses foreign language programs.
MPR Photo/Tim Post

October is College Knowledge month in Minnesota. Some state colleges are waiving their application fees and financial aid officers are busy traveling to schools to talk to students about how they can pay for college and their inevitable debt.

The average debt for a U.S. student who graduated in 2018 is over $29,000 and we've all heard horror stories about how it can be much more.

‘Anticlimactic’: A Minnesota grad’s feeling upon becoming debt-free

Debt is a burden that isn't going away for most college students. So how do you pay it off in a way that doesn't sink you? What does it mean to defer payments? Or to go into default on your loans?

Two guests joined host Angela Davis to talk about college debt on Wednesday, Oct. 23.

Guests:

Shannon Doyle, the program manager for Partnerships and Financial Education at Lutheran Social Service of Minnesota. She is a Certified Financial Counselor also a Certified Student Loan Repayment Counselor.

Brittany Tweed, director of financial aid for Anoka-Ramsey Community College and Anoka Technical College. She is also the president of the Minnesota Association of Financial Aid Administrators.

Use the audio player above to listen to the segment.

Here is a link to College Knowledge Month events happening around the state, which include FASFA completion events.

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