Short Course on Loans – Getting to Square 1

Celebrities Who Paid for Student Loan Debt

A lot of Americans are graduating under student loan debt and the number is rising each year.

It is over $1.3 trillion, what the student loans are owed mostly in the U.S and on an average class, the students that finished owed almost $37,000. Anyone with debt will be bothered by the problem that they have, right? It will really mess up some plans. Just relax, do not let that debt take control.

Even the celebrities before had their own debts when they were students. Some are even still paying them back today.

If you feel better when you know some of these celebrities are already millionaires today.

United States President, Barack Obama

Even Barack Obama, the president of U.S was also dependent on student loans. Barack Obama was able to finish schooling in Harvard but he was under a lot of student debt. Barack Obama was not able to pay the student debt right away, he just recently paid them off after becoming a U.S senator.

Even Michelle Obama was taking a lot of student loans at that time. The couple also mentioned that it would have been best to have just saved money for their daughter’s education. And instead of saving up for their daughter’s education, they spent everything on their loans.

In the year 2010, Obama’s Loan Forgiveness program was implemented shortly. Obama made sure that his program will be able to save a lot of borrowers. The program affected the interest also end of term and other repayment factors for the student loans.

Cecil Shorts was Also Like You Before

The NFL professional receiver, Cecil Shorts never had a athletic scholarship. Cecil Shorts was able to finish his education because he was working on some part time jobs and he also took some student loans. His student loan debt actually reached around $70,000.

Cecil Shorts took jobs like cutting grass to save up for the tuition. He encourages the youth to do summer jobs so that the student loan will be minimized.

You have to work hard to get there, it does not mean you should stop because you were less privileged, keep in mind that even Barack Obama had to struggle but look at where he is now.

You should keep on moving up and never quit working hard, it can all change when the going gets tough, you will be strong enough to handle that kind of problem.

Once you are finished schooling and you start getting legit jobs, that is the time you pay them off, without proper education you can’t get a proper job.