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.”
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.