It’s probably safe to say that the hot topic of the moment is student loan debt. No matter what else is going on in the world, it seems that there is so much discussion surrounding student loan debt and what it means for those who have it, who cannot pay it and those who are buried under the mounting piles of bills that are coming to their door with big red letters on them. It’s stressful to pay for college, and even more stressful to know that at some point you have to pay back the money you borrowed to go to college. It’s probably safe to say that most people don’t make enough money right out of school to even make a dent in their loans as expensive as they are anymore, and it’s disheartening to realize that so many people are so far in debt just for an education to ‘better’ their lives.
Nothing about student loan debt seems better. I recently heard a topic on the morning show I listen to on the radio while I work out that got me thinking. The hosts were asking people what they would say to themselves a decade ago if they had the chance to go back from the future and change on thing about their lives. I’m not kidding when I say all but one person said that they’d educate themselves on the real cost of those student loans. Every. Single. One.
The thing is that most people were not aware of the true cost of student loans. Now they regret them more than just about anything in their lives, and for a very good reason. Right now many graduates are in more debt than they might ever be able to pay back, and it’s something they need to handle on their own. What we’ve done is take this information and run with it; we have found some great resources that might just help you out in the student loan repayment department so that you can hopefully find a way to make your repayment more affordable and far less stressful.
The world is a place that needs good people who are fostering positive change and making a positive difference these days. It’s an ugly place right now, and we get that. Someone realized that at some point, and now they are working very hard to make sure they are able to make changes. This is a site that will allow you to exchange your time volunteering for people to pay off or down your debts. It might not be the thing that works for you, but you never know until you at least look at it and for it and see what you might get out of it.
This is a site that allows you to see all your student loans. I know that might sound painful and like something you definitely don’t want to do, but it’s helpful. You will find that you can see them, how you are repaying them and how you will be able to get out of debt in a way that might actually be productive to you at some point in your life. The site is designed to help you save money, to save payments and to find your way out of debt faster than you thought possible. It might help you if you just take the chance and make it happen.
I will not forget one of the callers I listened to on the radio during the above-mentioned segment. She was so distraught because she was past due on all her loan payments. She didn’t know what to do, she was crying and she was borderline hysterical. She ignored it in hopes it would just go away and now she is lost.
It’s understandable to want to ignore it and hope it goes away, but we are talking about the federal government here. They aren’t going away. They aren’t going anywhere; and they are going to find a way to get their money back. The best thing you can do is stop ignoring your loans and get to work. You are the best option you have. You can call your student loan companies and ask to consolidate; that will help you lower payments. You can also call them and tell them that you need to defer, you need forebearance or that you really need to be placed on an income-based repayment plan.
These things are very helpful if you take the initiative and get it done. Ignoring the issue will only make it more difficult for you to ever overcome this issue, and we want you to use every resource available to you to the best of your abilities. Call, ask questions, ask for help. You never know.
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