Student Loan Debt
In recent years, more and more people are going to college and taking out student loans. These loans were once looked at as “good debt”, however there are students that are graduating with $100,000+ in debt. This is equating to $500-$1,000/month in payments for students. Good debt? ALOT of debt!
The excitement of graduating from college is overshadowed by the idea that within 6 months of graduating, you will begin paying back these debts. How can you really get excited about the fact that you have spent the last 4-6 years going to school, and to be finally done?
According to Yahoo, there are students graduating and becoming affected by the high level of stress, because they know that they are going to have to pay this money back. The first stress should be finding that job that they have been going to school for, however with the outstanding debt, it is hard to really focus on getting that “right” job.
This is a very common type of situation that is happening around the country. This makes me wonder if maybe student loan debt should be somehow waived by the government, or some other options being available? Taking on student loan debt is not the same as going out to the department store and charging up credit card debt. Something to think about… any other way to potentially handle student loan debt? We want young adults to WANT to go to college.
On a final note, student loans/student loan consolidation lead type is minimal in our Leadpile Lead exchange. However, I do know there are a lot of students that are out there wanting to consolidate their student loan debt, because of the exact reason of the payments being out of control.
Great blog Mari H!
I think a large problem with people entering the college era of their life is that they don’t think practically about what type of school to attend. There are still a lot of state schools in this country that have very affordable tuition and housing, not to mention the vast abundance of community colleges and online universities that feature a tuition cost substantially less than the average four-year university. All kids leaving high school should WANT to attend college and WANT to attend the best school possible, but if finances are a prohibiting factor, I think one must make the decision that best fits their situation. Everybody wants a Ferrari, a huge house and to be an alumni of Harvard, but the majority of us can’t have all of that and we have to think practically and strategically. I think community colleges are great places to attend school for the first 2 or 3 years. They are very affordable and the quality of teachers is extremely underrated, in my opinion. By making these sacrifices in the beginning, people will be pleasantly surprised how well they will come out of school financially when they finally have that degree.
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