How is the impact of student loan debt affecting America? Here’s a video that shows the human face of what financial burden feels like to many who have pursued their American Dream through academics and secondary education.
Many wonder whether or not getting a college degree is worth it. After all, one young lady in here states that “I have $28,000 in student loan debt and I have nothing to show for my degree!”
Another is a young man who has over $180,000 to earn a law degree…and not even a lawyer or even using his law degree for current employment.
Here’s some other facts shared in this video:
- Americans have about $1.2 trillion in student loan debt.
- 40 Millions Americans rack up an average of $29,000 each to get a higher education.
- It takes an average of 10 years to pay off a bachelors degree
Do you feel like you have much to show for your college degree? Is dealing with the heaviness and burden of carrying such a debt worth the piece of paper that is hanging on your wall?
Are you working in the field that you spent years studying for to find that it doesn’t pay a salary that can support your desired lifestyle while paying back the money your borrowed? Was the pursuit of your American Dream worth the student loan debt you will have to pay for the next 10 or 20 years?
How We Can Help With Student Loan Debt Relief
Partnering together with a national law firm we are helping many people with student loan debt obtain relief from the burdensome monthly payments. There are student loan forgiveness programs available.
No it is not a myth.
There are opportunities to also simplify a repayment schedule through consolidation and help you with current, default or a wage garnishment situation.
Lots of times while not repaying a student loan people cannot get a job or get financing for a car or home. Most debtors in a personal bankruptcy (chapter 7 or 13) will not be able to discharge student loans unless you can prove a severe hardship. If so, then you’ve got to deal with horrible personal credit for years to come and you are back to square one for a while.
Most federal student loans are eligible for consolidation:
- Direct Subsidized and Unsubsidized Loans
- Direct PLUS Loans
- Federal Perkins Loans
- Federal Nursing Loans
- Subsidized and Unsubsidized Federal Stafford Loan
- Health Education Assistance Loans
- Supplemental Loans for Students (SLS)
- Some Existing Consolidation Loans
- PLUS Loans from the Federal Family Education Loan (FFEL) Program
Fill out the information below and someone from our staff will give you a call to help determine your eligibility.
from Matt Sapaula – Financial Coach for Hybrid and Startup Entrepreneurs » Matt Sapaula | Blog http://ift.tt/1QBmu2O