Numbers on Student Loan Debt
Student loan debt is a major problem for millions of Americans who pursued undergraduate or graduate degrees through private or federal loan programs. These loans are a substantial financial burden for those who carry them. In part, this debt is so prevalent due to business expectations that employees should have a certain amount of education before being hired. This drives up the need for expensive advanced degrees, which, in turn, drives up the amount of student debtors.
To discuss your options if you looking for legal options to deal with your non-student loan debt problems, contact Florida bankruptcy lawyer Ryan J. Really, Attorney at Law, PLLC, at (239) 237-0675 today.
Statistics for Student Loan Debts
Many Americans may get a degree that directly corresponds to a high-paying job. However, the overwhelming costs associated with higher education do not make it necessarily possible for these individuals to avoid financial hardship early in their career. This may push these individuals towards bankruptcy, which does not discharge this student loan debt.
Consider some of the following statistics on student loan debts:
- 60% of all undergrads took a loan for their degree between 2000 and 2007
- The average debt for these undergrads reached $22,700
- 56% of all graduate students took a loan for their degree between 2000 and 2007
- The average debt for these students reached $40,297
This debt can prove a significant burden on a student trying to establish their finances.
If you cannot handle your overwhelming debt load, there may be legal options available to help. For more information regarding how we may be able to help you deal with non-student debt expenses, contact Florida bankruptcy attorney Ryan J. Really, Attorney at Law, PLLC, by calling (239) 237-0675.