Student loan debt is weighing on retirement savings.

And it’s hitting multiple generations—not only aremillennials drowning in college debt,their parents signed on to help their kids with student loans,while some older workers are still paying off their own loans yearslater.

The lure of a college education cannot be denied, especiallywhen one considers the statistics on what that diploma is worth.The White House pointed out in a recent blog post that “bachelor’sdegree recipients [earn] $1 million more in their lifetime andassociate’s degree recipients [earn] $360,000 more, compared totheir high school counterparts.”

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 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.