These Americans fled the country to escape their giant student debt

These Americans fled the country to escape their giant student debt
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WED, OCT 31, 2018
YOUR WEALTH
Editor’s Note
Defeated by their student debt, some borrowers are packing their bags and fleeing the U.S. for other countries, where the cost of living is often lower and debt collectors wield less power over them.

While that may seem like a desperate measure, consider this: Average student debt for college graduates is now about $30,000, up from about $10,000 in the 1990s. And while unemployment is at record lows, wage growth has been stagnant, meaning the likelihood of those graduates landing jobs that pay enough to reduce their loan balances is not so great.

In this week’s lead story, CNBC talks to three American ex-pats who’ve left the U.S., and their student debt balances, behind.

For more great stuff like this, please follow me on Twitter @jimpavia and check out CNBC’s Financial Advisor Hub.

Jim Pavia

@JIMPAVIA

These Americans fled the country to escape their giant student debt
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CONTRIBUTORS
5b460bc98c1ce.png Sharon Epperson
@sharon_epperson
5b44bc0e4b20b.jpg Josh Brown
@ReformedBroker
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