How Much College Debt Should Students and Parents Take On? Here’s How to Figure It Out.

Borrowing for college is considered a given by many families. 

Fifty-five percent of families said they plan to take out student loans this year, according to a recent survey by College Ave Student Loans, a provider of private student loans. Of those families, slightly more than half say they expect to borrow $10,000 to $40,000 in loans, while 23% say they plan to borrow $75,000 or more, according to the study.