The overhang of more than $1 trillion student debt is threatening the finances of American households. But advisors can help their clients and their children keep it at bay.

In a sign of how bad things have gotten, 30% of bachelor’s degree recipients graduated with $30,000 or more in debt in 2012, according to the College Board, up from a mere 6% bearing that burden, adjusted for inflation, only eight years earlier.

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