TeenLife Blog

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Author: Shannon Vasconcelos

Shannon Vasconcelos is Director of College Finance at College Coach, the nation’s leading provider of education advising, where she delivers workshops and provides individual counseling on the college finance process. Before joining College Coach, Ms. Vasconcelos worked in financial aid at Boston University and Tufts University. She has a BA in Economics from the University of Massachusetts and an MA in Urban and Environmental Policy and Planning from Tufts University.

Posted June 12, 2018, 8 a.m. by Shannon Vasconcelos | View Comments
Pile of coins with a miniature graduation cap on top.

College is expensive. Yes, really expensive. Even families who don’t qualify for financial aid can often struggle to pull together the funds to pay a $10,000, $20,000 or $30,000 bill in one fell swoop. Borrowing college loans has, therefore, become much more common, with nearly three-quarters of college students graduating with some type of debt, according to The Federal Reserve. And that’s just students. The amount of debt taken on by parents to finance their children’s college education is much harder to pinpoint, due to the variety of types of financing available to parents, but the numbers are certainly substantial. ...