Education costs continue to rise at a rapid pace, and the job market for recent graduates is becoming more difficult to penetrate, as a result, our student loan guide offers hope to those struggling with debt.
Columbia, MD (PRWEB) March 05, 2013
CareOne Services, Inc., the largest provider of CareOne Debt Relief Services®, has released a free, downloadable resource guide targeted at helping those with student loan debt get one step closer to becoming debt-free. The guide, “How to Manage Your Student Loan Debt,” walks readers through multiple student loan repayment options and programs, so they can learn which plan can help improve their personal finance situation.
Average student loan debt in the United States for 2011 college graduates has risen to $26,600, according to the Institute for College Access & Success. Student loan debt is fast becoming a problem with the highest student debt levels concentrated in the northeast. College graduates from Pennsylvania have an average of $29,950 in student loan debt. In southern states such as North Carolina and Texas, the average student loan debt is $20-22,000, and in California student loan average debt levels are $18,879.
“Higher education helps create new career opportunities, but it often creates new debt as well,” says Jenny Realo, chief product officer at CareOne Debt Relief Services. “Our new guide is a great resource as more and more people face significant debt upon graduation.”
Data from the Federal Reserve Bank of New York (FRBNY) and the Consumer Finance Protection Bureau indicates there is approximately $1 trillion in total outstanding student loan debt in the United States today, which far surpasses credit card debt. FRBNY adds that of the outstanding debt, approximately $85 billion is past due. In addition, a 2012 U.S. News survey reported that among graduates in the class of 2011, 68 percent of the students had debt at graduation.
“These statistics are alarming. Education costs continue to rise at a rapid pace, and the job market for recent graduates is becoming more difficult to penetrate, as a result, our student loan guide offers hope to those struggling with debt,” Realo adds.
The Student Loan Guide can boost the reader’s financial literacy on topics ranging from unsecured debt consolidation and deferment, to forbearance, student loan consolidation, loan repayment plans, student loan forgiveness and bankruptcy. To view a free PDF version of “How to Manage Your Student Loan Debt,” simply visit http://www.careonecredit.com/student-loan-guide.
CareOne providers represent the nation’s largest brand of debt relief services with over 5 million people helped to date. CareOne founder, Bernie Dancel, and many CareOne employees know what being in debt is like, and more importantly, what it takes to get out. CareOne is revolutionizing the industry as the only provider offering a full range of debt relief options for consumers to select the most suitable solutions for their needs. CareOne is also proud to serve as an unbiased advocate for consumers, without any financial connection with creditors, unlike other providers who receive financial compensation from creditors and customers. Visit CareOne at http://www.CareOneCredit.com for more information about the company and services.