These days, young adults have the potential for long-term debt coming at them from every direction. Credit card debt used to be a big problem for some, but nowadays soul-crushing student loan debt is the culprit just as often. Student loan debt has reached epic proportions and is making a name for itself by burning holes in pockets, checkbooks, and bank accounts across the nation.
A four-year college education can cost as much as $100,000, ranging from $10-20,000 per semester. As the mother of two small children, I find this startling to say the least. Check out this infographic for more frightening statistics:
To combat student loan debt, try reaching out to debt agencies aimed at helping people with debt problems. Consolidated Credit is one of these agencies, well known for helping people in debt for decades.
How much student loan debt did you have? How long did it take you to pay it off? Or, are you still paying it off?