USSLC

[Pages:27]USSLC

US Student Loan Center

USSLC

US Student Loan Center

Published By:

US Student Loan Center 2803 W. Busch Blvd. Suite 200 Tampa, FL 33549

Copyright 2016 US Student Loan Center, Inc.

All Rights Reserved. May be shared with copyright and credit left intact.



USSLC

US Student Loan Center

About US Student Loan Center

is a privately owned company made up of several teams of different people who have made it their jobs to help student loan borrowers make good decisions about their debt. Our goal is to help you manage and pay off your student loans in the best way possible so that you too may have

a better financial future.

We thrive on 3 things:

Lowering Student Loan Payments to make them more affordable Enrolling Borrowers Into the Most Beneficial Repayment Programs Helping Borrowers Access Student Loan Forgiveness

Plus... we are the constant support system that the student loan community is currently missing.

If you need help managing, paying off, or have questions about your student loan debt, you can call us, email us, or get instant access to our most popular and use-

ful articles circulating around student loans and you.

813.775.2058 info@

10 Things You NEED To Know About Your Student Loans

Getting a college education is expensive... In fact, the cost of a college education from a public university has gone from $2,175 a year in 1973 to more than $35,000 today. That's a 1600% increase in just 40 years. And American wages aren't keeping up with the rising costs of tuition. Take a look at this chart from trading :

In fact, over the same time period since 1973, wage growth is actually decreasing overall. You can see from 1973 through about 2000 we were averaging somewhere in the vicinity of 6-7% wage growth. Now, even after the 2008 crash,we're at 3.5%. So we as Americans are making more money, and student loans costs are at an all time high.

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What's the obvious outcome of this combination?

A mind blowing amount of student loan debt is required to obtain a 4-year degree. In fact, student loans being issued are at an all time high... by a very large margin. The Federal Reserve data statistics show more than 44 million Americans have student loan debt, accumulating to more than 1.4 Trillion dollars. That's more than all credit card debt. So with college tuition up 1600% and wages flat, you may be asking yourself the question. "So I know I'm going to need to get financial aid to go to college, but I'm wondering how to pay off my student loans?" And if you're asking yourself that question, it means you're smart.

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How To Pay Off Student Loans...

Everything You Need To Know.

Over the years, we've helped more than 25,000 student loan borrowers pay off student loans in a way that doesn't put a financial burden on them.

Now, we've collected the most frequently asked questions about how to pay off student loans and we've included everything you need to know about paying them off:

- Before you have student loans - While you have student loans - After you have student loans

In fact, I'll give you 10 categories that sequentially go in order of pre-graduate, college attendee, and post graduate.

So you can scroll to the section that affects you most wherever you are currently at.

The Breakdown Of What We'll Cover:

1) Are Student Loans Worth The Money? 2) What IS a student loan (in the government's eyes) 3) Do You Pay Off Student Loans While In School? 4) When do I have to start paying on my student loans after I graduate? 5) What student loans to pay off first? 6) How student loans affect your credit score? 7) What to do if you can't afford your student loan payments 8) What to do if you default (or are going to default) on your student loans? 9) Can you file bankruptcy on Student Loans? 10) How student loans affect your taxes?

Let's Get To It...

Understanding these steps is important. If you get this wrong, you'll pay for it for 20-30 years after graduation.

And it will cost you tens of thousands of dollars.

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Step #1 Are Student Loans Worth The Money

Truthfully, this is now a matter of opinion. No longer are the days where it is step 1: go to college step 2: You have a 95% chance of getting a good job. That was pretty much true until 2000. If you're a millennial, ask your parents if the statement below is true and they'll likely confirm the following: If you obtained a 4-year degree, were hard working, got decent grades, had a solid resume, and got

at least 3 job interviews, you were pretty much guaranteed a job. That's not true anymore.

In fact, has an excellent write-up of age groups broken down by labor force participation and unemployment. This is the first sentence of that article: "Millennials make up the largest percentage of our population today, yet have seen some of the lowest labor force participation growth and highest unemployment out of all age groups since the turn of the century." But there's more:

As of May 2017, 1 in every 3 Millennials still live at home with mom and dad.

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As of 2017, we have the lowest home ownership since 1965.

This starkly contrasts with the fact that more than 60% of millennials have attended college according to a press release in 2014 on So we have some facts to consider: #1 The largest percentage of the population is attending college. #2 That same group has the lowest labor force participation rate. #3 The average student loan borrower graduates with more than $30,000 in debt. Does that mean college isn't worth it? Not necessarily. Statistics on show more and more employers are requiring employees to have a 4-year degree.

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