Student Loan Consolidation and Debt
While most everyone in the county is aware of the scarce employment opportunities job seekers face, there’s another, more silent problem people are finding themselves in. That is the problem with student loan consolidation and debt.
Whether its a private school, public university, community college or a tech school, going to college is a very expensive endeavor and not everyone can afford it.
That’s where student loans come in. Companies like Sallie Mae and AES have been offering student loans to help people go to college for years, usually at a decent rate. But lately, even these major loan companies are feeling the crunch of the economy and have raised their rates and requiring inflated repayment plans.
Its not uncommon for recent college graduates, who were told they would be paying anywhere from $50 to $120 a month after graduation to be facing student loan bills in the $300 to $600 range all of a sudden. These higher bills, combined with the lack of available jobs to pay them is making student loan consolidation a more favorable option to consider. Read more…
