This Financial Advisor IQ article is a brief description of the issues that financial advisors face working with younger adults. Up to 70% of recent college graduates have student debt according to the article. This becomes an important part of planning for younger people since it will impact the amount they will be able to save for other financial goals.
Understanding the options and planning for the complexities life can bring are not often presented by the colleges or loan servicing companies. If you add in that not many financial professionals have the knowledge to help people with this problem, it can become very frustrating.
Here is the link to the article is : “Go Ahead, Work with Debt Crushed Recent Grads“.
Financial Advisor IQ is part of The Financial Times Service.