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January 9, 2015

Eight Experts Weigh in on Managing Student Debt

Eight Experts Weigh in on Managing Student Debt

So what’s the best way to deal with student loans?

According to Bennie D. Waller, Chair of Accounting, Economics, Finance and Real Estate as well as Director of the Center for Financial Responsibility at Longwood University, it starts before graduation day. Students need to think about the demands of their chosen careers, and if the cost can really be justified.

“Students need to first consider taking on too much student loan debt in conjunction with their choice of degrees/career. [They] should resist borrowing if expected salaries of their degree does not substantiate the amount of student loan debt they are considering. For example, many students want to be an actor, but very few ever make it to Hollywood. How can they best decide? Cost/benefit analysis.”

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