Rancho Cucamonga, California (PRWEB) June 11, 2013
The media often talks about how large the Student Loan Bubble has grown and how college tuition costs continue to soar. Now that the average graduate’s college-related debt is estimated to be $35,200 this year, paying off student loans has never been more important.
But just how are college graduates paying off their student loans?
loans.org talked to real borrowers to find out what they are doing to pay off their student loan debts.
One 28-year-old journalism major, for example, now owes $100,000. She is relying on her overburdened father — her cosigner — to make the necessary payments.
A 63-year-old MBA graduate repaid his $20,000 student loan balance by becoming a manager at a prestigious company. He also transferred to a school whose graduates earned a higher average salary.
In another case, a 35-year-old woman repaid her $14,000 student loan debt by becoming a live-in pet sitter. In addition, she kept her day job as a newspaper editor — in effect maintaining two jobs to chip away at her debt obligations.
To read the article in its entirety — including a section on advice for student loan borrowers — visit http://loans.org/student/articles/real-people-doing-pay-off.
loans.org is a leading lending authority website that covers financial news, produces informative articles, and answers frequently asked questions. In addition to providing lending-related information, loans.org also hosts a variety of free online application forms for prospective borrowers to use when applying for loans.