Chat with us, powered by LiveChat

What Happens When You Visualize Your Student Loan Debt?

 

Understanding the True Crippling Nature of Student Loan Debt

 

What Happens When You Visualize Your Student Loan Debt?

Understanding the true crippling nature of student loan debt is really impossible without visuals. Most students when they see a low monthly payment are satisfied and don’t look further. They do not wonder about the total amount they will repay over time and how long it will take them. Graphics can help bring these important truths to light.

For example in this infographic, a student with a $23,118 loan making monthly payments of $200 will not pay off their loan for 15 YEARS and they will end up paying over $37,000 for that loan. And that’s at a 6-7% interest rate!! Some of these student loans are at 10-13% interest rates. .

If you are burdened by high student loan debt contact a qualified debt settlement attorney today. A qualified debt settlement attorney can likely negotiate with your private lenders for large reductions in the original balance owed making reasonable repayment monthly payments and terms possible.

The following two tabs change content below.
Avatar
Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.