It's helped tens of millions of Americans, but its days may be numbered.
But the people with the really big debt loads are not the ones to worry about.
The value of outstanding student loans in America just past the $1 trillion mark, we sat down with economists Robert Reich and Neal McCluskey to discuss America's newest crisis.
We have a 529 plan and also the option to take out a subsidized Stafford loan. Does it make sense to take out the loan and leave the 529 money alone, then pay off the Stafford loan after graduation? (I'm thinking that the 529 would still collect interest for a few more years, while there is now interest on the loan for a few more years.) Thank you! Gabrielle, St, Paul, MN