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How Does Student Loan Debt Affect Individuals?

Student loans have become a “normal”  way to pay for education. Students who walk into schools without funds are quickly shown the way to the financial aid office. Young people are getting loans for tens of thousands of dollars quickly and easily. Imagine this person at a car lot – they wouldn’t be able to qualify for a loan to purchase  a used car, but yet they easily obtain financing for schooling with large  amounts of unsecured debt. After graduation they hope to get good paying jobs, but it doesn’t always happen. Graduates end up living back with their parents and begin life in a much different manner than their parents.  Dreams of starting a business are set aside as young graduates struggle to just make ends meet.  This is the reality for many young people today.

If you would like to read more about how student debt affects individuals, read more in the “Student Stories” section of the blog.

 

 

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