Avoid heavy student loans. Tuition, room and board charges that total $100,000 and more in many instances can be an enormous impediment for any student or for parents. For those with several children to put through school, it can be the major obstacle for a comfortable retirement.
Defaulting on college-induced debt can be a dilemma. You will have to get a grip on the type of debt, whether federal or private, and its terms. Contact the National Student Loan Data System, at www.nslds.ed.gov
There may be some forgiveness programs for government workers and teachers, along with AmeriCorp volunteers and similar programs. ( See the Earl J Weinreb NewsHole® comments.)
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