Student Loans: An Investment in Education
View your education as an investment in your future
An education is an investment in your future earning power. And the return on your education investment is considerable over your entire lifetime. The median lifetime earnings of college graduates is nearly double that of those whose education ended with high school, according to U.S. Labor Department surveys. That can mean an increased earning potential of $1.5 million in total income over your lifetime with a college degree.
It makes sense for you to not only think of education as an investment, but also to think about student loans as an investment in your education. According to the most recent statistics available (for students graduating after the 2007-2008 school year), the average bachelor's degree graduate left school with about $23,000 in student loan debt. That included federal as well as private student loans (though it does not include debt taken on by parents) and includes both private and public schools.
Managed responsibly, and paid back on time, the investment in your education, even when including accumulated interest, is dwarfed by the increased earning power your college degree can potentially deliver.
Learn more about the affordable Citizens Bank TruFit Student Loan™
Find helpful information about our convenient and affordable Citizens Bank TruFit Student Loan™ to help you with your college expenses. Also, learn about choosing a trusted private student loan lender, like Citizens Bank. If you still have questions, call a student loan specialist at 1-800-708-6684, and we'll help walk you through the process.
Additional student loan and college planning resources
- Using Loans to Pay for an Education
- Impact of Multiple Kids in College at Once
- Advantages of Cosigning a Student Loan
- Planning for Your Child's Education