Digging out of student loan debt

NEED TO KNOW
  • Average student loan debt now more than $26,000
  • Ron Hart, managing director at Morgan Stanley, offers tips for managing college debt

Generation Y, also known as the Millennial Generation, is facing a harsh reality. These 18 to 29 year olds are not only plagued by a youth unemployment rate of 12%, but they're also drowning in college debt. The average amount of student loan debt in America is now more than $26,000. College may still be a great investment, but it's leaving many Americans in debt for the rest of their life.

Generation Y: Looking for jobs -- and an identity

So will these Millennials ever be able to dig themselves out of such a deep hole? Well, that's what we wanted to know, so we asked Ron Hart, managing director at Morgan Stanley, what the future looks like for America's young people.

Join the conversation...

HLNtv.com welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.
Did police exaggerate case against father?
HLN On Air | See all 5868 items Did police exaggerate case against father?

Advertisement