What is Student Loan Debt?
There are a lot of people graduating with the use of student loans and the number just keeps on rising.
$1.3 trillion of the loans that students had in the U.S is on an average class of graduates will owe about $37,000 per student. Having debt from school can be pretty frustrating, it will really bother anyone, right? Just relax, do not let that debt take control.
Even the greatest celebrities of today were once students facing student loans. Even those celebrities are still paying off the debt today.
Check out these celebrities that were also having some student loan debts.
The One and Only President Barack Obama
Barack Obama was also one of the people who were having the same problems as you. Barack Obama was able to finish schooling in Harvard but he was under a lot of student debt. He was unable to pay them all off up until he became a U.S senator.
Even Michelle Obama was taking a lot of student loans at that time. The couple also mentioned that it would have been best to have just saved money for their daughter’s education. In stead of saving, they were paying back their loans.
In the year 2010, Obama’s Loan Forgiveness program was implemented shortly. Obama made sure that his program will be able to save a lot of borrowers. The program affected the interest also end of term and other repayment factors for the student loans.
Cecil Shorts was Also Like You Before
You should know that Cecil Shorts, one of the best receivers in the NFL never had a athletic scholarship. Cecil Shorts was able to finish his education because he was working on some part time jobs and he also took some student loans. Cecil Shorts was able to pay for his student loan debt that reached $70,000.
You should know that Cecil Shorts even had grass cutting jobs. He said that it would be better to work during summer vacation to be able to save up for the tuition.
You have to work hard to get there, it does not mean you should stop because you were less privileged, keep in mind that even Barack Obama had to struggle but look at where he is now.
You should keep on moving up and never quit working hard, it can all change when the going gets tough, you will be strong enough to handle that kind of problem.
You should pay off the debts after you graduate and once you get a good job, you can start with paying off the debt right after.