You’re not alone in your concern about student loan debt. It is a top concern among American college students. The average student has approximately $30K in student loan debt, and many people have much more than that. This puts young people in the increasingly common predicament of having to live with their parents much longer than they had planned. These circumstances force many people to rethink their plans about their futures.
Obviously, you will have to pay back your student loans, but I’m not sure if it needs to come at the expense of delaying your plans for a family. You should explore your refinancing options. You might also consider extending your debt payoff time frame from 10 years to 15 or 20. There are likely other potential options to explore as well.
It would be helpful to consult a financial advisor and or thoroughly research your options. There are many good websites that can help. You might also discuss your concerns with a therapist. It’s always wise to consult a specialist when planning your future, financially or otherwise. Please take care.
Dr. Kristina Randle