The Institute for Financial Literacy recently uncovered a new, fast-growing group of bankruptcy clients: college graduates.

According to The Washington Post, the Institute’s report reflects changes in consumer debt. Bankruptcy clients are increasingly more educated and seemingly well-off. They have bachelor’s degrees and live in affluent neighborhoods, but with the crushing costs of student debt they wind up struggling to make ends meet. Their financial limitations, often due to education loan payments, pushes them to use credit cards more, and eventually the situation spirals out of control.

While student loans currently cannot be handled through bankruptcy, other expenses can – offering some relief to overwhelmed graduates.

But one thing is certain: it is no longer always a safe financial bet to get a bachelor’s degree or even a master’s. Before you or your children make plans for higher education, make sure to have an affordable strategy in place.