college debt

College debt refers to the loans students take out to pay for higher education. These loans help cover tuition, housing, and other expenses, but must be repaid over time with interest. Accumulating significant debt can impact a graduate’s financial future, affecting their ability to buy a home, save, or invest. While student loans can enable access to education, managing debt responsibly is essential to avoid financial strain. Understanding the terms and weighing the costs and benefits of borrowing can help students make informed decisions about financing their education.