In December, the Consumer Financial Protection Bureau (CFPB) reported that Americans now owe a trillion dollars in college debt, more than they owe in car loans. In January Fair Isaac's FICO Labs indicated that the average debt outstanding (per student with loans) increased to $27,253 in 2012, with 15% of loans now in delinquent status and the U.S. delinquency rate rising sharply.
How can you help clients (and their children and grandchildren) manage this enormous and growing debt burden? Here are two ideas.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
