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A newly released FindLaw survey on student loans is reporting that one in six Americans are still paying off their student loans, among some other alarming findings.
Unfortunately, for many of us who were or are students who've taken out loans, the repayment period can drag on for years. Sometimes, it may even be even decades before a former student can dig herself out of debt.
While this may be a downer, most folks who are dealing with student loans are not alone. What else was reported in this FindLaw survey from loan recipients? Here's a summary and some suggestions:
Borrowing at a Cost
The FindLaw survey was conducted by polling a demographically balanced group of 1,000 American adults who were finished with school. Some insights gained by the survey include:
How to Deal With Your Student Loans
If you're struggling with your student loans, you have options. Consider these other alternative routes to simple repayment that may help:
To learn more about avoiding default and other options available to you, you can also download our free Guide to Student Loan Debt.