In today's economy, many college students graduate with tens of thousands of dollars in student loan debt, and often have trouble making payments due to unemployed or underemployment. However, many Florida residents may be happy to know that there are a number of debt relief solutions that may be available if you have federal student loans.
As if the cost of college isn't already expensive enough, it seems that some students who are in graduate programs might end up even taking on more student loan debt if they want to complete their studies. In the future, this could also result in more and more students exploring debt relief solutions as soon as they graduate.
Every month since September consumer spending in the U.S. has been increasing. And while this may be taken as a good sign that people are once again starting to feel more financially confident since the recession, this uptick in spending may also be linked to people having to rely on credit to pay for every day expenses.
Right now there are more and more people in their 20s and 30s who are struggling with debt. And while the tough economy and high unemployment rates can be partially to blame for this increasing trend, some experts are also saying that it's a general lack of education about finances that is contributing to this high consumer debt.
It's engrained in many people's minds: graduate from high school, go to college, earn a degree and get out in the working world. But what not everyone immediately talks about is just how much college really does cost, and just how much student loan debt a person is going to have to pay back after graduating.