Student Loan Debt Sets Record Doubling Since Recession

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Student Loan Debt Sets Record Doubling Since Recession

Posted On: January 10, 2019 by Time Federal Savings Bank in: Bank, Saving

Student Loan Debt Sets Record Doubling Since Recession The student debt level has doubled to more than $675 billion since the recession ended in June 2009.  Student loans distributed in 2012 have defaulted quicker than any loan group since the financial crunch. Click Here to Read More How to Help with Student Debt BEFORE COLLEGE ▪Start saving early! Money from Birthdays, Odd Jobs, Etc can all earn interest and add up over time. ▪Do Your Best in High School! This will help when applying for scholarships. ▪Apply for as many scholarships as you can. Check with your high school and research online for scholarship opportunities. ▪Research college options and costs. Would a community college be more beneficial with the possibility to transfer? DURING & AFTER COLLEGE ▪Create a budget and plan spending strategies.  Do you really need those expensive shoes? ▪Avoid Credit Cards. ▪Work Part Time. Even working a few days a week can help. ▪Reduce...