CHARLOTTE, NC — Sixty percent of North Carolinians are paying off student loans, and the debt is substantial. Our national student loan debt is more than $1.3 trillion. The average amount borrowed in North Carolina is almost $30,000, and that can translate to a big monthly hit for students entering the work force.
“Monthly, minimum payments are very attractive. Especially with student loans. A lot of times students can afford more than they’re actually paying. And I think if you can go and attack it, and be ambitious about it, you can really set yourself up financially to do better,” said Queens University Senior Montrell Morgan.
Student loans are now the second largest source of debt in the U.S., ahead of auto loans and credit cards, trailing only home mortgages.
