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.