A Simple Plan For Investigating Loans

Some Celebrities That Had to Pay Off Student Loan

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

It is a fact that $1.3 trillion of student loans are all on U.S students and in the year 2016, almost all students finishing their education owed over $37,000. Having debt from school can be pretty frustrating, it will really bother anyone, right? Never lose hope, do not let that kind of problem faze you.

Even the celebrities before had their own debts when they were students. Even those celebrities are still paying off the debt today.

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

United States President, Barack Obama

You should know that Barack Obama was also in the same shoes you are in right now. Barack Obama was able to finish schooling in Harvard but he was under a lot of student debt. He was unable to pay them all off up until he became a U.S senator.

Even Michelle Obama, Barack’s wife also took student loans. The couple said that they should start saving up for their daughter’s education as well. In stead of saving, they were paying back their loans.

Around the year 2010, president Obama implemented the Obama’s Loan Forgiveness program. 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

You should know that Cecil Shorts, one of the best receivers in the NFL never had a athletic scholarship. He was able to pay for his education because he worked at part time jobs and took out loans. He got a total of $70,000 in student loan debt.

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 should not let poverty end your life, if you think about quitting because of how unfair life can be, that will not be the right mind set, you should work hard because you were not given the same disposition as those other kids had but that does not mean you are not blessed.

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.

Graduate first and once you get a good paying job, you can pay the student loan debts easily, you should never quit believing.