Every Tuesday our eye on money series will look at financial issues Americans are facing this morning

we're focusing on college debt almost 2 million Americans will graduate this year with a bachelor's degree.

70% of them will be in debt and they'll have an average loan debt of more than $33,000.

According to a 2018 survey, parents are the number one source of payments for an

undergraduate degree. CBS News Business Analysts, Jill Schlesinger is here

with what college grads and their families need to prioritize. Jill, good morning. A lot of people

wrestling with this right now as their graduates are coming home. What do you, how do

you prioritize? I think the first thing you have to do is start tracking your

money. So encourage your kids to

get one of these apps and there are lots of free ones they're free ones from

banks there's mint.com there's clarity money find out what's coming in

what's going out now you're going to build in that

student loan debt and you really want to try to figure out how many loans do you

have outstanding what is actually the interest rate of each of those loans and while those companies are going to give you the minimum that's due

You want to pay more than the minimum the only way you can figure out how much more is to track that money going in and out.

So these students who have debt, on average if they have it, they're paying about $400 a month

on those loans.

You tell people to save, but they also have the loans.

How do they deal with the loans and

save at the same time what do they do first welcome to adulthood where we

have multiple priority it's very I've been struggling with it my whole life

exactly it's very so I always talked about something called the big three and what

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