Affects From Student Loans

Reasons for taking on student loans

• The feeling of having no other choice
• Not having all the money be there
• Not working your hardest in school
• Hasn't saved up enough
• Not knowing about all the scholarships and grants

Long term effects of student loan debt

• Affect your chances of living your dream job
• increase how much time you spend on making money
• limit your extra time
• increase in stress rate
• all of your money goes to debt and bills
• debt will hang around you for many years

Ways to avoid debt in college

• In high school work hard get good grades
• Research and apply to all scholarships available to you
• To save money you could go to a community college
• Go to a work study or work training enviorment
• Work on and/or off campus some during school and most of the time when you're on break

Example

• My aunt has $10,000 in student loans. She has three children and is working three jobs. she will have to pay $416.67 a month to pay off the debt. Her and the kids will be living very tightly for the next two years.

Distribution of student loan debt when they graduate

You can avoid it all by just preparing early for college!