Education is the paradigm for success. Students go for higher education in order to replenish their monetary requirements, for their safe future and a sound life. But, when you witness the present debt crisis the opposite seems to be playing the game. It is almost impossible for the students to graduate schools without clearing their debts, taken to complete their education. In fact, in accordance with the stats, 70% of the bachelor degree recipients leave their graduate school without clearing their debts. This approximately reaches to an amount of $1.2 trillion as the total amount of student loan debt per year. Imagine the impact on the economy when, on an average $35,051 is the amount of debt for each student of class 2015 which graduated.

  • A college degree is imperative for almost everything. This is even more applicable considering the growing needs, innovations and luxuries.
  • The federal money which is given to lower income students to comply with their college fee need covers less than one- third cost.
  • More than 40% of Americans aren’t making payments towards the student loan programs.
  • Approximately 3.6 million defaulter students have been counted.
  • In fact, there are also another 300 million who are in forbearance.

The impact of the same is not good:-

  • It definitely hampers their present and their future.
  • Stress is associated with this financial turbulence.
  • It is bound to have an influence on their family, personal and social life bringing it into jeopardy.
Related Posts
How Chapter 11 helped in Formula one
The team Marussia has filed for the equivalent of Chapter 11 bankruptcy. This step of the team was preceded by another Formula One Company Caterham in less than a week; ...
READ MORE
Affordable Bankruptcy
Finding bankruptcy lawyers is easy now, submit your case details here and we will connect you to bankruptcy lawyers the way we did for following cases.   I have several payday loans ...
READ MORE
Filing for Bankruptcy
Hiring a lawyer to file for bankruptcy can be expensive, since the lawyer’s fees comprises of a huge chunk of bankruptcy expenses. However, filing for bankruptcy can be done by ...
READ MORE
declaring yourself bankrupt?
When you are neck deep in your debts and there are creditor’s threats looming and lurking around ready to take your assets and leave you with nothing, you may need ...
READ MORE
Bankruptcy
Bankruptcy laws are made for the help of the people who can no longer pay their creditors get a chance to pay that is by liquidating assets or by creating ...
READ MORE
Chapter 7 bankruptcy lawyer
Just a few days ago, my friend Larry declared himself bankrupt. Things had not been going well for him since Sarah and he found themselves overwhelmed with the car and ...
READ MORE
Baha Mar Resort Enters Bankruptcy
Chapter 11 bankruptcy has been witnessed to provide an organization a relief from the heavy debts. Hence, it was not a surprise that the mega resort Baha Mar which was ...
READ MORE
Stockton exit imposed losses on bondholders
The date of February 25, 2015 witnessed a new chapter in the life of the Stockton community. It was this day when the bankruptcy exit plan became effective. There were ...
READ MORE
Chapter 7 Bankruptcy
If you go for Chapter 7 bankruptcy, you may have a lot or all of your debts canceled. On the other hand, you might need to sell some or all ...
READ MORE
How Chapter 11 helped in Formula one
Affordable Bankruptcy
Filing for Bankruptcy without a Lawyer
declaring yourself bankrupt?
Bankruptcy
Chapter 7 bankruptcy lawyer
Baha Mar Resort Enters Bankruptcy
Stockton exit imposed losses on bondholders
Chapter 7 Bankruptcy
The Examiners: Linking Repeated Chapter 11 Filings Can