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A 10-Point Plan for Loans (Without Being Overwhelmed)

What is Student Loan Debt?

A lot of students in America are dependent on using student loans to finish their education and graduate.

It is over $1.3 trillion, what the student loans are owed mostly in the U.S and on an average class, the students that finished owed almost $37,000. Having debt from school can be pretty frustrating, it will really bother anyone, right? But you should never let that take you down.

A lot of celebrities were also in the same position before, they also had to pay off some student loan debts. Some celebrities are also paying for their student loans until today.

If you feel better when you know some of these celebrities are already millionaires today.

The U.S 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 everything right away, he finished paying right when he became a U.S senator.

Even Michelle Obama, Barack’s wife also took student loans. The couple also mentioned that it would have been best to have just saved money for their daughter’s education. And instead of saving up for their daughter’s education, they spent everything on their loans.

Around the year 2010, president Obama implemented the Obama’s Loan Forgiveness program. Obama’s program was able to help a lot of borrowers in the U.S. The program helped people, it lowered interest and end of term forgiveness and various others.

Cecil Shorts was Also Like You Before

The NFL professional receiver, Cecil Shorts never had a athletic scholarship. He was able to finish his schooling because he was hard working, he took on part time jobs and he also had a couple of student loans. He got a total of $70,000 in student loan debt.

You need to know that even Cecil Shorts went as low as accepting jobs like grass cutting. He encourages the youth to do summer jobs so that the student loan will be minimized.

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.

Life can be harsh sometimes, it can be good but sometimes the things just don’t follow your flow and that can be frustrating so just be sure to persevere and work hard, do summer jobs and part time jobs to lessen the student loans.

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.