Video: Got Student Debt?
If you’re a recent grad or current student, chances are you’ve got student debt. And if you’re the parent or grandparent of a former or current student, you may very well have co-signed for that debt.
Nowadays it’s commonplace for students to graduate with over $40,000 in debt and wind up paying between $300 and $400 a month. Often times it’s that added debt that keeps young adults from qualifying for a competitive home loan.
The problem is, defaulting on student loans can put the dream of homeownership out of reach for years. And, if not handled properly, student loan defaults can be more difficult to navigate than just about any other kind of obligation, particularly in the bankruptcy arena. These are among the reasons why government policies regarding student debt are so important.
Watch this video to learn more.