Short Course on Loans – What You Should Know

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Celebrities Who Paid for Student Loan Debt

A lot of students in America are dependent on using student loans to finish their education and graduate.

$1.3 trillion of the loans that students had in the U.S is on an average class of graduates will owe about $37,000 per student. Are you one of those students who are burdened by the debt you have from school? Just relax, do not let that debt take control.

Even the celebrities before had their own debts when they were students. Some celebrities are also paying for their student loans until today.

Check out these celebrities that were also having some student loan debts.

The U.S President, Barack Obama

Even Barack Obama, the president of U.S was also dependent on student loans. Barack Obama was able to finish schooling in Harvard but he was under a lot of student debt. He was unable to pay everything right away, he finished paying right when he became a U.S senator.

Even his wife, Michelle Obama 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.

In the year 2010, Obama’s Loan Forgiveness program was implemented shortly. Obama designed the program to help those students who are in the same ordeal he was in before. The program affected the interest also end of term and other repayment factors for the student loans.

Cecil Shorts was Also Like You Before

The NFL professional receiver, Cecil Shorts never had a athletic scholarship. He was able to pay for his education because he worked at part time jobs and took out loans. Cecil Shorts was able to pay for his student loan debt that reached $70,000.

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.

The world is hard sometimes, it kicks you down and you should never let that be the end of you, you should keep on fighting like these celebrities that went from a poor lifestyle to a rich lifestyle because they were able to persevere.

You should keep on working hard, it will make you even stronger once everything is done, you will see that it molded you into a strong and independent person and that is what the world needs today, people who are strong enough to withstand the strong winds of poverty.

You should pay off the debts after you graduate and once you get a good job, you can start with paying off the debt right after.