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Education loan : How I Dealt With Student
Debt: Real Borrowers Share Stories
 The national narrative about student loans is
daunting – and rightfully so.
 Overall student debt is more than a trillion dollars.
 Borrowers delay major life decisions because of the
amounts they owe. And the Student Loan Ranger
receives countless emails about loan forgiveness –
which isn't quite the life preserver those in over
their heads hope it is.
 Recently, American Student Assistance, the
organization that writes the Student Loan Ranger
blog, held a contest as part of our SALT® financial
education program.
 SALT has an online community where members can
talk with experts and their peers about student debt,
financial aid and anything else related to paying for
college or managing personal finances.
 Within this community, we asked our members to
share their personal financial success stories – and
they did not disappoint.
 From high school students who saved up for school
to recent college graduates who attacked their debts,
more than 300 people offered up their inspirational
tales.
 Paying Off Debt in Two Years
 "Dec. 17, 2011, was undeniably one of the best days
of my life as it was the day I finally crossed the stage
to earn my bachelor's degree.
 This day filled with joy and happiness, however,
quickly turned into me scrambling to figure out how
to pay all of the debt I had accumulated over those
past four years.
 Student loans alone were approaching nearly
$35,000, I had numerous bills to pay including a car
note, and on that particular day, I still had yet to
secure a job. It was almost like everything happened
so quickly.
 Knowing the Value of Money
 "I am a success because on my weakest days, I still
got up and worked 12-hour shifts.
 I have never found myself in debt, I have always
paid for everything I own out of pocket and best of
all, I know the true value of a dollar.
 Money means so much, and to be honest, we all need
it, but don't let it stop you from following your
dreams.
 "I work a little harder, I manage my time and I have
given some things up to be successful at 21, but I'm
getting there.
 Maybe one day I'll look back and laugh at what little
money I have now, but until then, I know I'm a
success story because I don't waste my money, and I
definitely do not feel bad for myself.
 Life is hard – it's one lesson being learned after
another; bring it on."
 "When I graduated from high school, I made the
decision to take a year off from school and just work
full time and save up money so that I might not have
to take out a lot of Education loan to pay for school.
 Source : http://bit.ly/1QFZin5
https://www.facebook.com/AvanseEducationLoan
https://www.linkedin.com/company/avanse-financial-services
https://twitter.com/avanseeduloan
https://plus.google.com/+AvanseFinancialServicesLtdMumbai
https://www.youtube.com/channel/UCcsuUx1EH1C08XmX2embpug
Follow us on
Read more on Education Loans : http://www.avanse.com/avanse-
education-loans/

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Education loan : How I Dealt With Student Debt: Real Borrowers Share Stories

  • 1.
  • 2. Education loan : How I Dealt With Student Debt: Real Borrowers Share Stories
  • 3.  The national narrative about student loans is daunting – and rightfully so.  Overall student debt is more than a trillion dollars.  Borrowers delay major life decisions because of the amounts they owe. And the Student Loan Ranger receives countless emails about loan forgiveness – which isn't quite the life preserver those in over their heads hope it is.
  • 4.  Recently, American Student Assistance, the organization that writes the Student Loan Ranger blog, held a contest as part of our SALT® financial education program.  SALT has an online community where members can talk with experts and their peers about student debt, financial aid and anything else related to paying for college or managing personal finances.  Within this community, we asked our members to share their personal financial success stories – and they did not disappoint.  From high school students who saved up for school to recent college graduates who attacked their debts, more than 300 people offered up their inspirational tales.
  • 5.  Paying Off Debt in Two Years  "Dec. 17, 2011, was undeniably one of the best days of my life as it was the day I finally crossed the stage to earn my bachelor's degree.  This day filled with joy and happiness, however, quickly turned into me scrambling to figure out how to pay all of the debt I had accumulated over those past four years.  Student loans alone were approaching nearly $35,000, I had numerous bills to pay including a car note, and on that particular day, I still had yet to secure a job. It was almost like everything happened so quickly.
  • 6.  Knowing the Value of Money  "I am a success because on my weakest days, I still got up and worked 12-hour shifts.  I have never found myself in debt, I have always paid for everything I own out of pocket and best of all, I know the true value of a dollar.  Money means so much, and to be honest, we all need it, but don't let it stop you from following your dreams.
  • 7.  "I work a little harder, I manage my time and I have given some things up to be successful at 21, but I'm getting there.  Maybe one day I'll look back and laugh at what little money I have now, but until then, I know I'm a success story because I don't waste my money, and I definitely do not feel bad for myself.  Life is hard – it's one lesson being learned after another; bring it on."
  • 8.  "When I graduated from high school, I made the decision to take a year off from school and just work full time and save up money so that I might not have to take out a lot of Education loan to pay for school.  Source : http://bit.ly/1QFZin5
  • 10. Read more on Education Loans : http://www.avanse.com/avanse- education-loans/