Six in ten Millennials are expecting to make student loan payments into their 40s—according to a recent report from The Financial Brand. The publication revealed that recent college graduates are spending nearly one-fifth of their salaries on student loan payments, and 40% of Millennials have budgeted the amount of money they can spend on rent or mortgage payments because of their loans. Despite these difficulties, less than half of Millennials have explored refinancing to lower their monthly payments. (NAFCU)
