If you have graduated college, chances are you know student loans are the bane of many graduates' existence. Imagine all the things you could do without even just one of those monthly expenses...is traveling one of them? There may be a way you can take care of both!

97.5 NOW FM logo
Get our free mobile app

First, Let's Talk About Michigan's Student Loans

Here in Michigan, our unpredictable weather makes it so many of our dream travel destinations are often somewhere warmer or more tropical. However, how much student loan debt is actually stopping people from making it there?

WILX reports that CheapTickets conducted a survey to find out how student loans affect travel plans for college graduated and found that one-in-four said travel would be their number-one investment if it weren't for the added expense.

According to Student Loan Hero, as of December 21, 2020, Michigan ranks 20th in "average federal, private student loan debt across U.S."

Student Loan Hero's data shows borrowers in Michigan have an average debt of $33,487. With 1.4 million student loan borrowers here in the Mitten, that "total outstanding debt" totals to about $51.4 billion.

CLICK HERE for more statistics and information on repayment plans, refinancing, etc. in Michigan.

Take A Trip AND Pay Down Some Debt

WILX reports that travel website, CheapTickets wants to not only send you on that vacation you've probably been dreaming of but putting off because of student loan payments. BUT THAT'S NOT ALL, they are also going to take care of your student loan bill(s) for a full year.

How it works is, the contest opened up Monday, May 31st and runs through Sunday, June 6th. That's when WILX says college grads who are 20 years of age and up can go to cheaptickets.com/students and enter to be one of five lucky winners.

WILX says with the average student loan payment costing about $393 per month, CheapTickets will be awarding winners $4,716 towards their student loan bills while also throwing in $250 in "CheapCash" they say to be used toward eligible hotels on their website.

What Would You Do Without Student Loans?

Anyone who takes out student loans can acknowledge that, yes, it was our own decision to do that. However, it's not hard to see just how expensive they are and how much people struggle through paying them.

However, at the risk of getting too political here, let's keep it light and all share what we would do if student loans were an expense eliminated from our lives.

I'll start!

I would DEFINITELY travel more but also get a new car, start better saving habits, get a dog, etc. Of course, I know I would not be living like a millionaire but it would definitely give me some more financial freedom.

LOOK: Here are the biggest HBCUs in America

More than 100 historically Black colleges and universities are designated by the U.S. Department of Education, meeting the definition of a school "established prior to 1964, whose principal mission was, and is, the education of black Americans."

StudySoup compiled the 20 largest historically Black colleges and universities in the nation, based on 2021 data from the U.S. Department of Education's National Center for Education Statistics. Each HBCU on this list is a four-year institution, and the schools are ranked by the total student enrollment.

LOOK: Stunning vintage photos capture the beauty of America's national parks

Today these parks are located throughout the country in 25 states and the U.S. Virgin Islands. The land encompassing them was either purchased or donated, though much of it had been inhabited by native people for thousands of years before the founding of the United States. These areas are protected and revered as educational resources about the natural world, and as spaces for exploration.

Keep scrolling for 50 vintage photos that show the beauty of America's national parks.



More From 97.5 NOW FM