Student loan piece from Jerrod Huber

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Student loans have been in the spotlight more than ever recently as the Occupy Wall Street movement sheds light on severity of student debt and the trouble most post graduates experience paying it back.

Here are a few things to remember when borrowing money to pay for college: First and foremost is the fact that you will have to pay back those loans and the laws regarding this issue are getting serious.

President Obama has stressed the importance of recognizing the exorbitant costs of a college education against the amount most people can expect to make with their degrees.

This sounds more like a warning rather than a sought after solution
With the economy lingering on the balance, do you realize the burden these loans put on tax payers and economic recovery? The government has reported that student loan debt is surging above $1 trillion.
According to the Associated Press, U.S. student loan debt has surpassed credit card and auto-loan debt. This debt explosion jeopardizes the fragile recovery, increases the burden on taxpayers and possibly sets the stage for a new economic crisis.
Average student loan debt recently topped $25,000, up 25 percent in ten years. And this explosive debt has direct consequences for taxpayers, since eight in ten of these loans are government-issued or guaranteed.
Students should be borrowing carefully when considering a weak job market, and thinking this market will be stronger before they graduate is like putting a condom on after sex.
Many students think they will get a bigger and better paying job with a college degree. While it may be true that a degree will increase chances of landing a job, will it be a job that pays enough to service the debt acquired as well as support their living expenses?
In some cases it will, but for some academic disciplines, the salary bump isn’t as much as people expect.
Too many students are not sure what job they could get after four, five or even six years of studying a certain major and racking up education loans.
If you ask many students about employment opportunities or what type of skills they will have to gain employment after leaving college you will come face-to-face with dumbfounded looks or the most common reply, “I don’t know.”
If you happen to be one of these students thinking like this, think again, especially if you are racking up debt.
It may be fun now, but the collectors are coming and hells coming with them.
We have our government and some private sources, such as banks, to thank for financing student loans to students who don’t have the financial ability to support the loans, and probably never will.
Government policy and pressure is on all high-school students to go to college. College is heavily promoted as the best opportunity for success.
Beware, Congress- which promoted college and student loans -has so mismanaged economic policy that there are no good high-paying jobs for all these borrowers encouraged to take out loans while going to college. Colleges and universities are willing participants since they get their share of the money.
There are ways to manage your loans and you need to be informed.
As soon as a student becomes aware that they are in danger of defaulting on a payment, contact the lender and request a deferment or forbearance.
You can find other ways to manage at
I don’t want to be the bearer of bad news about the dangers of student loans. These loans can be very useful and needed, but I just want students to be prepared and aware of the consequences. I am dealing with my very own demons.
Before you wind up a financial wreck, be informed before you cash that check.

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