Going to college is supposed to be the path to a more prosperous life. But the cost of getting a degree has become a financial albatross, weighing down borrowers from the day they graduate to the day they retire — if retirement is even possible.
Student loan debt is a burden that nearly 3 out of 4 American borrowers say has forced them to delay a major life event — whether that’s buying a house, having kids or getting married, according to the latest Gallup Lumina Foundation Cost of College report.
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