New York, NY (PRWEB) October 03, 2012
Although many may be encouraged by the growing number of Americans that are enrolling in higher education, the growth has led to a record rate of students facing debt problems after they graduate. According to a recent article from USA Today, the Pew Research Center reports that “22.4 million households, or 19 percent, had college debt in 2010.” While these numbers may be disheartening to those hoping their college degree will bring a solid future, financial analysts predict that proper management can help curb debt issues. Worth Unlimited, a debt elimination company offers solutions to those who are seeking for ways to control their finances in face of student loan payments.
According to the article, the increase in student debt is the result of actions taken by two income groups that are on opposite ends of the spectrum. In the face of rising tuition costs throughout America’s economic downturn, higher-income families opted to use their resources to pay so children could attend more costly private institutions. However, low-income families encouraged youth to attend college in hopes that earning a degree would lead to career opportunities that offered higher salaries.
In a recent press statement, Worth Unlimited comments, “Earning a degree is an admirable act, which unfortunately in the modern world requires some sacrifices. However, the new research that suggests a rise in student loan debt should not cause graduates to believe that their goals for financial success cannot be attained. With proper debt management solutions like the Worth Account, students can pursue their dreams while also paying off loans, and in turn, offer a brighter future.”
While the article addresses rising concerns of student loan debt, additional statistics have led Worth Unlimited to believe that Americans are becoming more fiscally responsible. USA Today states, “In recent years, Americans have cut back on several other types of borrowing such as credit card use, with average household indebtedness falling from $105,297 in 2007 to $100,720 in 2010.” Worth Unlimited concludes in its press statement, “Although debt incurred from college expenses have increased, it is important to note that Americans are thinking more intelligently about what types of borrowing they pursue. A drop in general credit card use suggests that individuals are making smart choices about what kind of debt they want to incur. Instead of borrowing for material goods and other short-term needs, these trends suggest that Americans are borrowing to invest in their education. This kind of behavior is one that our financial solutions endorse.”
Worth Unlimited is a company designed to help individuals reduce debt and maximize personal wealth, all through strategic and savvy online financial management strategies. The company developed its Worth Account system as an intuitive online platform, designed to help individuals stay on course financially. The Worth Account platform offers around-the-clock monitoring and analysis, allowing individuals to gain a comprehensive understanding of their own finances. Worth Unlimited is passionate for helping clients meet their financial goals.