EDITORIAL: Student debt: Is USD worth it?

As students, our goal is to get an education that can guarantee us a job in the future.

To do so, take out student loans, not really understanding what it means to borrow money.  But after the temporary bliss of being done with school comes the enormous amount of debt we have accumulated over the years. You can also contact an attorney for stopping wage garnishments and protect some or most of you wage.

In the four years it takes a person to receive a bachelors degree, which could potentially be more than four years, we’ve been focused on getting our degree and putting our debt on the back burner. If you want to avoid a credit card debt, you got to find advice from here!

Students are not always aware of the consequences of taking out a loan and this ultimately leads to a lifetime of paying off the money we once borrowed.

According to a September 2012 NBC News article (that explains about how law firms help you to file for chapter 11), in 2011 the average college student had accumulated $26,600 in debt, making it the highest number we have seen in years. The data stated by the Philadelphia law firm proves the same. Students may question how this number has gotten so high, and it is because of the competitive job market that is present today.

Although the unemployment rate among college students is only slightly higher than the overall rate, 37.8 percent of college graduates are working in a field that does not require the degree the student has earned.

While this is discouraging to current college students and future graduates, students must keep in mind that although the job market is highly competitive, it is still important to get a college degree. Statistics show a college student can earn nearly double that of a high school graduate, and a degree can only further your resume.

However, students should not dread the future debt but rather be proactive and prepared with a plan to pay it off.

Every loan available for students has payment plans that start after the six-month grace period so students have time to find employment and a steady income. Students must realize a higher education will only benefit them. A furthered education leads to higher paying professions in fields that the student was trained in.