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Programs To Escape from Student Debt

College student debt can be stressful. On this page you will find some resources available to help you organize and eventually alleviate your debt.

National statistics tell us that the average college student will leave college with a debt between $30,000 and $60,000. The Washington Post in March 2007 reported, that Georgetown University is offering a crash course in money. The professors and other financial experts teaching the class felt like student debt had reached a crisis point. Many of their students had reported over drawn charges on their accounts as many as six times a month. This debt will include school loans and many times credit card debt. This debt is overwhelming. The classes that Georgetown University offers to students is on managing credit, balancing budgets, and even how to trade stock. Other Universities across the nation are looking at this program to help their students.

Many students rely on credit cards for their everyday living. Some students get involved in gambling, going out to bars and spring break trips that they charge on their credit cards. Credit card debt can be built to large amounts before the student realizes its magnitude. This debt will affect the student’s ability to get loans in the future. Companies and Universities are trying to help students cope with this debt problem. There are many programs available to help students take charge of their debt. Taking charge of your debt will enable students to stay in school and have a good financial start when they graduate in college.

On this page you will find a list of resources available to you as a student that could possibly help you get your debt under control. Some of these programs are available at universities across the country, but they will give you an idea on how to approach the problem.

Here below you will find a list of four possible resources for programs on financial debt solutions. One program called Mind Your Own Business listed below is available through a non-profit organization called lifechurch.tv. There is a minimal cost to the dvd series. Nellie Mae offers a program called Financial Success-Managing Money. This is a program where there is a charge, but they will individualize your situation. At two websites at the right are some resources on step by step getting out of debt for students.

 

Websites that can provide programs or information on getting out of debt

  1. www.nelliemae.com/managingmoney
  2. http://financialplan.about.com/cs/college/a/moneycollege.htm
  3. http://www.collegeboard.com/student/plan/college-success/9139.html
  4. www.lifechurch.tv
  5. How can collegians shoulder their debt? @ www.usa.com

 

 

 

Advanced Comp. Project Summer 2007