I was watching tv the other day about people who seeks financial advice on debts. I was surprised to know that most of these people that their debts were coming from school tuition fees. There was a lady that spoke she said she got $250k in student loan and she’s only earning $50k working as a teacher. I can’t imagine how expensive the tuition is. Just for student loan for Education and you will get $250k in debt. I was shocked because that’s a lot of money and it’s like a mortgage already. You will be paying your debt for life.
I don’t know how those people can pay of that amount and also I don’t believe they only have student loan so there could be more adding to it like credit card debt. There are companies who can do help debt consolidation to people who wants to lower their monthly payments. It’s one way of taking some of that burden and that they can still use some of their hard earned money for living expenses. It’s better these days because you can find financial people that are willing to help you on what will be the best move of your financial problem. Never hesitate to ask and ask for opinions. This will help you make clear what could be the best for you. An example of a company is http://www.anewhorizon.org.
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