"Many financial experts will tell you that student loan debt robs your present and steals from your future. While paying off debt is the ultimate goal, making small contributions to your savings and building wealth while reduce debt is not only achievable — it’s recommended," GoBankingRates reports.

..."Having the money to invest after paying monthly loan payments and basic necessities might be seem unrealistic and unattainable to many students, but not putting aside some funds for insurance, retirement and other things might hinder your financial success in the future.

As Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators, told the New York Post, 'It’s certainly possible to work toward multiple financial goals at the same time. Doing so is a personal decision that will vary for each borrower.'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 10/3/2023