We’ve all read about the overwhelming student debt burden carried by young Americans, currently in excess of $1.2 trillion. And everybody knows someone struggling to escape a mountain of student loans.

This is an issue that can affect even high-net-worth clients. Private loans now constitute more than 20% of all student loans. Clearly, subsidized federal loans are not meeting the nation’s total need; the significant percentage of private loans suggests that even wealthier families who do not qualify for federal aid may be using higher rate private loans to meet college costs.

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