National student loan debt in the US topped $1.3 trillion this year, with the average borrower for the class of 2016 graduating an estimated $37,172 in the hole.

Though borrowing money for education is more common than ever, one financial planner says many of her 20-something clients don’t fully understand the debt they’re taking on until later.

“A lot of people in their 20s come in [saying] ‘I wasn’t really aware how much I was borrowing from student loans and I wasn’t aware how much that would affect my life for the next 30 years,'” Katie Brewer, a Dallas-based read more >>>

Source:: BusinessInsider.Com