They say that you can’t afford not to get a college education. In this economy with people remaining in school or returning to school, the need for student loans continues to increase. So does the debt. Some students end up burying themselves in debt even before they have a chance to balance the ledger.
We got word of a Know Before You Owe student loans project, as well as the Student Debt Repayment Assistant created by the Consumer Financial Protection Bureau.
The same organization seeks info from anyone who ever borrowed a private student loan, and they want student loan borrowers to tell them more about whether this market did or did not work. Why did you take out a private loan? How did you decide to do it? Did it affect your study or career choices?
Interested to share your thoughts? Go to http://www.consumerfinance.gov/students/your-experience-with-private-student-loans/