June 9, 2013

Student Loan Debt On The Rise: What Grads Can Do About It

Student Loan Debt On The Rise: What Grads Can Do About It
From MarketAmerica blog
June 5, 2013

Your college graduation should be a happy time. You’re moving on from one life stage to another, and now that you’re armed with knowledge and a degree (or two!), endless possibilities are in store for you. Right? Well, if you’re one of the millions of grads starting your life off with thousands of dollars in student loan debt, it’s not as simple as it sounds.

A recent article by Business Insider profiles a woman who, despite her efforts to pay off her student loans, is still knee-deep in higher-education debt…after 20 years. “My debt is not going anywhere because I do not make enough money, not because I have ignored it.” With student loan rates on the rise, her situation is becoming more and more common. But just because it’s “common” doesn’t mean its ok.

Read more.

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