Judy Hucka, editor of the BetterInvesting Puget Sound Chapter Newsletter is our guest blogger today. BetterInvesting is a non-profit organization dedicated to investment education. On April 29 they will be hosting a program on Basic Investing at Central Library. The Newsletter is available for viewing at the Level 7 Business, Science and Technology desk also at Central Library.
If you’re in your 20s or 30s, retirement may seem like a long way off. And you may already feel financially stretched, paying off student loans, saving to buy a house, or starting a family.
Tony Leahy is our guest blogger today. He is the Education Subgroup Chair of the Washington Attorney General’s Student Loan Workgroup, and Executive Director at CENTS (Consumer Education and Training Services Program) – a financial literacy organization. On April 22 he will be co-hosting a program on Student Loan Repayment and Options. For more information on student loan debt, check out this resource list.
It’s time we talk openly about student loans. Almost everyone knows an adult burdened by student loan debt. An article in the August 2016 edition of Consumer Reports magazine reported 42 million people owe $1.3 trillion in student debt and nearly 1 in 5 borrowers is in default. In other words, student loan debt is a national epidemic. We are seeing this play out locally as well.
“Many of Washington’s current and former students struggle under a heavy burden of student debt,” Washington Attorney General Bob Ferguson said. “There are many resources available to help these borrowers manager their loans.”
If you’re starting to feel fretful about this time of the year (end of March, beginning of April), you’re not alone. Tax deadline is near. Have you done what you promised your new year’s resolution you’ll be doing? Have you put your financials in order for the upcoming year?