Interesting Research on Loans – What You Didn’t Know

Some Celebrities That Had to Pay Off Student Loan

There are a lot of people graduating with the use of student loans and the number just keeps on rising.

$1.3 trillion of the loans that students had in the U.S is on an average class of graduates will owe about $37,000 per student. Are you one of those students who are burdened by the debt you have from school? Never lose hope, do not let that kind of problem faze you.

Even the celebrities before had their own debts when they were students. Some are even still paying them back today.

If you feel better when you know some of these celebrities are already millionaires today.

The U.S President, Barack Obama

Barack Obama was also one of the people who were having the same problems as you. President Barack Obama was able to finish his education in Harvard but he was in a lot of student debt. Barack Obama was not able to pay the student debt right away, he just recently paid them off after becoming a U.S senator.

Even Michelle Obama was taking a lot of student loans at that time. The couple also mentioned that it would have been best to have just saved money for their daughter’s education. In stead of saving, they were paying back their loans.

Around the year 2010, president Obama implemented the Obama’s Loan Forgiveness program. Obama made sure that his program will be able to save a lot of borrowers. The program helped people, it lowered interest and end of term forgiveness and various others.

Who is Cecil Shorts?

The NFL professional receiver, Cecil Shorts never had a athletic scholarship. 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.

You need to know that even Cecil Shorts went as low as accepting jobs like grass cutting. He encourages people to do summer jobs so that student loans will be less.

The world is hard sometimes, it kicks you down and you should never let that be the end of you, you should keep on fighting like these celebrities that went from a poor lifestyle to a rich lifestyle because they were able to persevere.

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.

Once you are finished schooling and you start getting legit jobs, that is the time you pay them off, without proper education you can’t get a proper job.

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