How Much Should You Borrow for a College Education?
Illustration: Brian O'Leary
Francie Diep, The Chronicle of Higher Education
Starting in March 2020, when the COVID-19 pandemic was declared a national emergency, Americans with federal student loans did not have to make any payments. But, after more than three years and numerous extensions, required payments began earlier this month. That’s generating fresh talk about the nearly $1.8 trillion in student debt that Americans carry.
So how much should a person go into debt for college? Results from a national survey offer a glimpse into how everyday Americans think about student debt.