Advantage CCS Releases a Slide Show on Tips and Resources for Student Loans
August 31, 2013 (PRLEAP.COM) Business NewsAdvantage Credit Counseling Services, a national service provider of debt counseling, published a slide show specifically for people struggling to deal with student loan debt. Student debt is quickly becoming a national crisis. Of the 20 million Americans who attend college every year, nearly 60% borrow money annually to help cover costs. Between the approximately 37 million borrowers with outstanding student loans, the total US student loan debt is estimated to be between $902 billion and $1 trillion, overtaking total US credit card debt ($853.6 billion as of June 2013). We also know that 14% of borrowers (5.4 million people) have at least one payment past due, and the total amount of student loan debt past due comes to $85 billion.
With these statistics in mind, it is important to see that student loan debt is growing rapidly, and it has serious consequences for a borrower's finances and the finances of their families. Here are some of the tips from the slide show for student loan borrowers to help manage their debt:
For more tips and a list of useful student loan resources, see the full slide show: http://www.advantageccs.org/blog/student-loan-tips/#.Uh-SADZQGuq
Advantage CCS is a non-profit debt counseling firm that provides Debt Management Programs, bankruptcy counseling, financial education, and budgeting services. If you are struggling with debt, contact a certified financial advisor at Advantage CCS: http://www.advantageccs.org/