5 Lessons Learned: Help

Celebrities Who Paid for Student Loan Debt

A lot of students in America are dependent on using student loans to finish their education and graduate.

It is over $1.3 trillion, what the student loans are owed mostly in the U.S and on an average class, the students that finished owed almost $37,000. Anyone with debt will be bothered by the problem that they have, right? It will really mess up some plans. Never lose hope, do not let that kind of problem faze you.

A lot of celebrities were also in the same position before, they also had to pay off some student loan debts. Some celebrities are also paying for their student loans until today.

You can check out the celebrities that were in the same shoes that you are in today.

United States President, Barack Obama

Even Barack Obama, the president of U.S was also dependent on student loans. Barack Obama was able to finish schooling in Harvard but he was under a lot of student debt. He was unable to pay them all off up until he became a U.S senator.

Even his wife, Michelle Obama also took student loans. The couple said that they should start saving up for their daughter’s education as well. In stead of saving, they were paying back their loans.

In the year 2010, Obama’s Loan Forgiveness program was implemented shortly. Obama made sure that his program will be able to save a lot of borrowers. The program was a success and the end of the term of forgiveness and many other repayment factors.

Cecil Shorts was Once Just Like You

Cecil Shorts did not get an athletic scholarship even though he is a professional NFL player today. He was able to finish his schooling because he was hard working, he took on part time jobs and he also had a couple of student loans. He got a total of $70,000 in student loan debt.

Cecil Shorts took jobs like cutting grass to save up for the tuition. He encourages the youth to do summer jobs so that the student loan will be minimized.

You should not let poverty end your life, if you think about quitting because of how unfair life can be, that will not be the right mind set, you should work hard because you were not given the same disposition as those other kids had but that does not mean you are not blessed.

You should keep on moving up and never quit working hard, it can all change when the going gets tough, you will be strong enough to handle that kind of problem.

You should pay off the debts after you graduate and once you get a good job, you can start with paying off the debt right after.