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Unexpected Student Debt

The Impact of Student Debt

“We have over $50,000 in student debt. Now what do we do?” asked a bewildered couple with their daughter who had just graduated from college. “Our daughter is earning $42,000 a year and is in no position to pay her rent and the loan interest.”

Most of us have heard that the student loan debt in the United States is around the $1.3 trillion mark.  This is divided upon many families – both young and old. At present, the $1.3 trillion figure is increasing, rather than decreasing. The above mentioned situation with the couple and their daughter is not as uncommonContinue reading