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"The average student debt coming out of college is around $25000, which is outrageous. Depending on your area, you have to pay student loans back within a limited timeframe which is extra difficult considering at that stage in life most students are working on getting their first place to live, and amassing job experience (because many careers require experience nowadays)."
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∙ 12y ago
Wiki User
∙ 14y ago40000
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What is the average amount of student debt after graduating from college?
a lot
Student loan debt for a college graduate?
Is this a question? Are you asking the average amount? Some but not all have student loan debt after graduation.
What is the average income of a college graduate and how does it compare with the average student loan debt?
45 dollars per hour
What would be the best thing for a college student in credit card debt to do?
The best thing for a college student in credit card debt to do is to contact a debt consolidation company to help workout a payment plan that the student can afford.
What is the average debt of a student loan?
Not sure of average individual student loan, but the average student with student loans has $28,000.
How does college debt consolidation affect the average student?
College debt consolidation has several different effects, both positive and negative. The student will have a lowered interest rate and monthly payment, and will also have an extended repayment term. However, the student will lose their grace period, pay more in total interest, and have an extended loan period.
How many Americans have struggled with college student loan debt?
There are almost twenty million Americans that attend college. Sixty percent of this number borrow loans to finance their studies and therefore struggle with a college student loan debt.
Why are many college students in debt?
Many college students are in debt due to student loans. Student loans are specifically provided to pay for ones education. Most college students find it hard to work while in school as well.
Can you use your Stafford student loan to pay off debt?
No, you cannot use a Stafford student loan to pay off personal debt. The only debt that should be paid off with an educational Stafford loan is your college debt.
How much college debt does a psychiatrist have?
$250,000 on average, that's not including debt from your undergrad school.
Where can one find more information about the trends of college student credit card debt?
There are several places that one can find information about the trends of college student credit card debt. Two such websites would be Total Bankruptcy as well as Credit.
Can someone with bad credit get student loans?
Student loans are decided upon the income of the student and their parents and also the college course for which they are applying. Debt is not normally considered so even someone with bad debt would possibly be able to get a student loan.
