Minimizing Student Loan Debt for Millennials
College debt runs deep among the older millennial generation. Student loans today represent the next largest form of consumer debt following mortgages, even going above credit card debt. In the past few years, the average student loan debt for millennials has exploded to $37,172 per college student. While Gen Y borrowers have a financial options like refinancing or consolidating, they may only ease some of the problem until interest rates rebound. Here are some other things you can do to minimize the amount of debt of post-secondary education. See also the Frivolous Spending of Student Loans On Other Things and the Life Cycle of Federal Student Loans.