Of the recent col­lege grad­u­at­ing class, near­ly 70% took out some form of stu­dent loans, and the aver­age stu­dent debt upon grad­u­a­tion is $29,800.  The total stu­dent debt equates to about $1.5 tril­lion spread out among 44 mil­lion bor­row­ers.  At least the unem­ploy­ment rate is low.

Con­cern about debt will make it dif­fi­cult for employ­ees to par­tic­i­pate in a 401(k) plan, so employ­ers are start­ing to look at set­ting up a stu­dent loan repay­ment pro­gram.  There are some inno­v­a­tive ideas being put for­ward that even allow some of the repay­ment to be treat­ed the same as a 401(k) contribution.