The Art of Mastering Loans

What is Student Loan Debt?

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

$1.3 trillion of the loans that students had in the U.S is on an average class of graduates will owe about $37,000 per student. Having debt from school can be pretty frustrating, it will really bother anyone, right? Never lose hope, do not let that kind of problem faze you.

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.

Check out these celebrities that were also having some student loan debts.

United States President, Barack Obama

You should know that Barack Obama was also in the same shoes you are in right now. Barack Obama was able to finish schooling in Harvard but he was under 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. They are also say that they would have really focused on saving money for their daughter’s education. And instead of saving up for their daughter’s education, they spent everything on their loans.

Obama’s Loan Forgiveness program was implemented in the year 2010. Obama designed the program to help those students who are in the same ordeal he was in before. The program was a success and the end of the term of forgiveness and many other repayment factors.

Cecil Shorts was Also Like You Before

You should know that Cecil Shorts, one of the best receivers in the NFL never had a athletic scholarship. Cecil Shorts was able to finish his education because he was working on some part time jobs and he also took some student loans. He got a total of $70,000 in student loan debt.

You should know that Cecil Shorts even had grass cutting jobs. He said that it would be better to work during summer vacation to be able to save up for the tuition.

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.

You should keep on moving up and never quit working hard, it can all change when the going gets tough, you will be strong enough to handle that kind of problem.

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.