Before the economy went down the toilet, credit card debt was a large problem for Americans. It’s getting even worse now, and debt isn’t going to let up for a while.
These days, we have a new fo...
rm of debt plaguing young Americans—student loan debt.
It isn’t hard to imagine with how quickly college costs have been rising. What’s that? They seem the same to you? Well when did you go to college, because between the 1940s and now, college tuition has jumped in price. Many need to take out student loans to pay for their education, and the federal government isn’t making it any easier to pay off.
So how do you go about working off student loan debt? Well a good place to start would be with a credit counseling agency, like Consolidated Credit. They have a long history working with people who have credit card debt and are suffering from student loans. If you’re graduating soon and you’ve borrowed some student loan money, you may want to give them a call. If you’re going into college, then take a look at the expenses you may incur.
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