Student loan debt in the United States is now surpassing the $500 billion mark. Now, having student loan debt is one thing when you have a thriving economy to ensure the ability to pay back the debt, but given our current economic state, this is far from the case at hand. More and more recent college graduates are finding them selves jobless, and swimming in student loan debt… “Not quite what I envisioned my after college life to be like” says Matt Haulter, a recent business graduate of a private east coast liberal arts college. “At the time I was applying for student loans, I wasn’t thinking even remotely about the possibility that I would not be able to find a job directly out of college”, says Matt. “I didn’t really give much thought at all to the kinds of student loans I was taking out, and I surely was not concerned about taking the time to try and search out student loan alternatives.”
Given the current job market in the United States, unfortunately more and more recent college grads are going to find themselves in Matt’s position… college educated, jobless, and in debt. There is little that can be done after the fact (regarding student loan debt), but current college students and those thinking about applying to college can learn a serious lesson when it comes to financing their post high school educations. “First, utilize all your resources and options to pay for college without going into debt. College is a positive life choice; the choices we make to finance it however, are not always the same.”
To learn more about smart student loan choices and student loan alternatives for college, visit studentloansforcollege.org. A special thanks to Matt Haulter for sharing his story. To share your student loan stories contact us!
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