The average graduate of a four-year university leaves school with $26,600 in student debt, according to the Project on Student Debt. In an effort to fight the growing debt trend, MassMutual launched “Down With Debt” on Monday, a Facebook campaign that will relieve one lucky young adult of some loan burden — while teaching all fans some important financial planning tips. MassMutual will award one Facebook user with $20,000 for debt relief for liking the campaign’s page and writing a creative, 140-character (tweet length) explanation of how they plan to reduce their debt. “MassMutual recognizes that new graduates and young professionals in today’s world face big financial challenges,” said Tara Reynolds, MassMutual’s corporate vice president. “As a result, we created ‘Down with Debt’ to help people learn about effective ways to conquer their loans and take smart first steps in building a secure financial future.”
A Recent Graduate to Win $20,000 in New Debt-Free Contest
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).