"At the same time that debt has been going up, colleges across the country have been hiking tuition and fees and families' incomes have been shrinking, student loan debt has risen at an average rate of 6% per year from 2008 to 2012." If you are paying for tuition or if you are paying for someone else's tuition, these statistics can be a bit scary. With the ever increasing cost of tuition it is becoming more and more important to plan ahead.
http://money.cnn.com/2013/12/04/pf/college/student-loan-debt/index.html?iid=SF_BN_LN
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