Student Debt

Future Fair: Tips to Finding the Right Career Path

Oct 2, 2014

The once traditional path of graduating from high school, going to college or work and getting on with your life is no longer the standard way of doing things.

Students today face a number of challenges when it comes to determining a life-path. How to make better informed decisions in a changing educational and economic marketplace is the goal behind the Future Fair.

We’ll learn about this upcoming event from State Representative Dan Miller and Gene Natali Jr., author of the financial planning book "The Missing Semester." Miller stresses that Future Fair is about pairing young people up with good choices for their future -- especially choices that will allow them to remain in SWPA.

With annual tuition ranging from $12,000 a year for a four-year public college to as much as $45,000 for a private college, more Pennsylvania students are leaving with more than a diploma — rising debt.

The cost of a four-year public college education in Pennsylvania costs a little more than $12,000, but some students are facing more than $36,000 in debt at graduation.

The state now ranks fourth in the percentage of college graduates with loan debt and third in the average amount of debt per student, according to a survey by the Institute for College Access and Success.

Imagine a student loan program in which there's no interest, the payments are deferred for three years, and they arrive as a percentage of the graduate's income.

The proposal comes from Democratic state Sen. Daylin Leach of Montgomery County, who is hoping to help college graduates hobbled by student debt.

The elimination of interest is a key piece of the puzzle.