Student debt is a big deal for many millennials.
That “educational investment” yield a lower ROI than expected?
Over 40 million Americans currently struggle with student loans, with the national burden of federal student debt rising over $1 trillion.
The average student debt load for today’s millennials recently registered at over $35,000 – a financial obligation that can put the “no-go” on many costly life events, such as getting married, having kids, and buying a home. A 2015 survey by Bankrate indicated that 56 percent of people ages18 to 29 have put off major life events – even purchasing a car and saving for retirement – because of student debt.
Many of you may be thinking, “Yep – that’s me!”
I’m Jen. By day, I am an HR professional and by night, I am a frugal lifestyle blogger and freelance writer.
I am passionate about helping fellow millennials to make smarter financial choices. After I finished grad school in 2013, I found myself underemployed and buried in $75,000 of student loan debt.
A friend recommended Dave Ramsey’s book The Total Money Makeover and I was hooked. My husband and I are now hustling to pay off our combined $117,000 of student loans in just three years. I write about getting out of debt, living frugally, and earning extra income on my blog Frugal Millennial. Continue Reading…
Meet David of Young Adult Money!
I’m David Carlson, a millennial personal finance blogger and author.
I currently act as the editor of the blog Young Adult Money, which I started four and a half years ago.
I published a book in May 2016 called Hustle Away Debt which is focused on helping people pay off debt faster through side hustles.
I also speak on personal finance topics and help companies market to millennials.