Monthly Archives: March 2013
Student Loan debt is officially the sinlge largest source of debt in the United states by finally surpassing credit card a little over a year ago. Student Loan debt is catastrophic problem that is crippling millions of American everyday causing tremendous financial hardships and struggles for many people to barely make ends meet, let alone actually pay back the astronomical amounts of money owed, plus the insanely ridiculous compounding interest which effortlessly adds years to the life of these loans and almost enures your principal will remain untouched. As a young person & recent college graduate, I can attest to how hard it is to truly comprehend the amount of money you will have to pay back to the institutions that so generously came to your aid when you needed help paying for those classes, and how you know have to almost completely change your entire life’s plan just to get a foot hold on the monstrous debt. These concepts are never easy to grasp and often time even hard to even ponder but these are real issues that fade real people every day. Below is an article form the BloomBerg report going into some detail about some options that many be available to some of us who owe student loans, and also some stories of some people who just may be a little bit more in the hole than you are when it comes dealing with the problem that never seems to go away…..SALLIE MAE!!