Friday, December 11, 2009

College is robbing me, help!


By Jameel Murray

Considering the fact that I am on my way out of Syracuse University, I am trying to incur as much knowledge needed in paying off my student loans. Since my time here at Syracuse, I have witnessed my debts steadily increase due to this expensive life called college. I have been required to pay the most overdraft fees ever since I made my decision to attend this place. I do not think that it is right for students to pay a boatload of money only to be rejected by every employer in America. Knowledge should be free.
According to the LA times, the unemployment rate among college graduates age 20-24 is at an all time high at 10.6%. Students are unprepared to pay and are facing a debt load of $23,000. Although the debt may seem unconquerable, there have been many suggestions for students to make smart choices in an attempt to reduce debt. One suggestion is to separate the debt. Students are advised to examine all loans and sort them according to rates and loan types. Another suggestion for students is to examine and select a repayment option that applies to one’s situation. One final suggestion is to defer any repayment if a student is not making a steady income. This option can save a student a fortune.

http://www.latimes.com/business/la-fi-perfin6-2009dec06,0,5631375.column?page=2

http://www.youngmoney.com/credit_debt_faq/Student_loans_retirement/

http://www.indystar.com/article/20091202/NEWS04/912020358/Indiana-grads-face-high-degree-of-debt

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