What is Student Loan Debt?
A lot of Americans are graduating under student loan debt and the number is rising each year.
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.
Even the greatest celebrities of today were once students facing student loans. 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.
United States President, Barack Obama
Barack Obama was also one of the people who were having the same problems as you. President Barack Obama was able to finish his education in Harvard but he was in a lot of student debt. He was unable to pay them all off up until he became a U.S senator.
Even his wife, Michelle Obama also took student loans. The couple said that they should start saving up for their daughter’s education as well. They were spending all of their earnings on their student loans.
In the year 2010, Obama’s Loan Forgiveness program was implemented shortly. Obama made sure that his program will be able to save a lot of borrowers. The program affected the interest also end of term and other repayment factors for the student loans.
Cecil Shorts was Also Like You Before
Cecil Shorts did not get an athletic scholarship even though he is a professional NFL player today. 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. His student loan debt actually reached around $70,000.
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.
The world is hard sometimes, it kicks you down and you should never let that be the end of you, you should keep on fighting like these celebrities that went from a poor lifestyle to a rich lifestyle because they were able to persevere.
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.
Once you are finished schooling and you start getting legit jobs, that is the time you pay them off, without proper education you can’t get a proper job.