A recent study from Georgetown University found that, on average, college graduates earn $1 million more in earnings over their lifetime. In addition, The Economist reported in June 2014 that U.S. student loan debt exceeded $1.2 trillion, with over 7 million debtors in default. All college plans are not the same. There are various options other than going into debt. Let’s go over the options available to determine which one works best for you and your family.