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    How You -- and Your Kids -- Can Make Smart Student Loan Decisions

    by Roger A. Young, CFP®, Senior Financial Planner, T. Rowe Price Aug 20, 2019 2 minutes

    Summer and fall are important seasons for families to research student loans. If your household includes a student preparing to apply to colleges, you'll want to factor cost into the decision and be mindful of the potential amount of debt accrued.

    If you have a recent college graduate, congratulations! If student loans were part of their funding plan, repayment of those loans will start soon, and the graduate should carefully evaluate the available options.

    As a parent, your perspective can help your child make smart decisions around borrowing for college and the realities of taking on debt.

    First things first - limit your debt

    As a financial planner, I recommend that families limit their education debt to federal direct student loans, if possible,

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