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That includes federal and private loans.
What does that look like on the individual level?
Its about $28,950 per borrower, on average, leaving many to wonderhow much is too much.
Overall, Lowry said, consider the return on investment on your major and the school you are considering.
That includes being realistic about your expected annual salary when you graduate.
Take a Strategic Approach
Lowry emphasized a strategic and practical approach to paying for school.
The other big thing to consider is, what is your repayment strategy?
Look at the income-driven repayment plans, Lowry said during the segment.
Also, dont forget about interest.
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