Announcing our new website, a resource for students.
This is a resource for students at all phases of the college process. We explain the steps to student loan success, from the college application process, to the loan process, to the repayment process.
With the cost of College skyrocketing over the last 20 years, more and more students, and their families had to get loans to pay for tuition, books and living expenses. With in-state university tuition running between $20,000.00 and $35,000.00, out-of-state public schools can cost $40,000.00 to 60,000.00 per year. Private schools can run even more. For many schools, the “sticker price” is not what students pay, because students can get scholarships and financial aid. But, even after getting scholarships and aid, students and their families use student loans to cover the difference in cost. This is because, with such high costs, most families haven’t had the ability to save enough to pay the full costs of a college education.
Over the years of helping clients of all ages with their finances and debt issues, I have seen plenty of families struggling with student loan debt, and, while trying to pay on student loans for themselves, their children, or grandchildren, they in turn fall into more debt, as the payments get larger and larger. Now $1.2 trillion in student loan debt is outstanding, it is the 2nd largest amount of debt outstanding after home mortgages. I am seeing many more clients struggling with student loan debt, from the new graduate, all the way through to grandparents who cosigned for these loans.
We can help you make sense of your student loans, at each step of the process.
……. READ MORE ON StudentLoanLawChicago.com