By Kristen Kuchar Updated on Oct 16, 2019
Graduating from university is sold with the acknowledgment of great accomplishment — and, if you’re like 70% of graduates, an encumbrance on your own straight straight back by means of education loan financial obligation.
Suggested Education Loan Consolidation Organizations
But in the event that you switched majors, moved colleges, or went on to graduate school, maybe you are one of the 19% that owe $50,000 and above, or perhaps the 5.6% whom owe significantly more than $100,000.
It’s likely that if you’re coping with education loan financial obligation, you’re not merely working with one loan. Each semester, you might have applied for a loan that is new. And in the event that you couldn’t cover the expenses with federal loans, you well might have looked to a personal lender, such as for instance a bank or other financing institution (e.g., Sallie Mae) to finance the remainder of one's costs.