Categories: Student Loans

Student Loan Debt Rises – And Here’s What That Money Could Do Instead

You may be shocked to know that 70 percent of 2013’s graduating class had an average of $28,400 in student loan debt. However, the class of 2015 thinks that the class of 2013 has it easy. Debt is reaching new heights, and the class of 2015 will have to pay back about $35,000 per borrower, and the total of student debt rings the bell at $68 billion, which is a tenfold increase over the course of 20 years. That loan suddenly seems a whole lot bigger and heavier than it did during freshman year, and the higher employment rate for those who have attained a bachelor’s degree can sometimes be of little comfort.


There are a lot of different things that you could do with that money, if it weren’t tied up, and certainly the economy could use a healthy portion of it to further recover. It is estimated that student debt incurred by the millennial generation is one of the key factors in the sluggish and plodding upswing as nearly an entire generation of college graduates put off marriage, home buying, and having a family in order to service their debt. It is, however, very nice to dream about some of the things that you could do, and dreaming is at least free. Here are some of the things that you could do with all that money.

While it’s great to imagine all the different things that you could do if only you had the money, it’s a far better idea to spend some of what you do have in retaining an attorney to help you manage your student debt. The law offices of Chad Van Horn are staffed with expert attorneys who can help you get a handle when your loans and life seem out of control.

Get in touch for a consultation, and maybe in a few years you’ll be able to make that down payment, take that vacation, or put that watch on your wrist.

Published by
Chad Van Horn

Recent Posts

Van Horn Law Group: Your Solution for Affordable Bankruptcy Solution

When faced with overwhelming financial circumstances, Van Horn Law Group is your trusted partner in…

3 months ago

Is corporate dissolution in your future? 10 common questions (and their answers!)

If you’re feeling overwhelmed, know that you’re not alone. Dissolving a corporation can be daunting,…

3 months ago

Filing for Bankruptcy in Florida Before Divorce: Protecting Joint Property from Individual Creditors

Florida couples can leverage the tenancy by the entireties exemption by filing for bankruptcy before…

3 months ago

Navigate Bankruptcy: When Chapter 7 Filers Need to Consider Chapter 13

There are situations when it makes sense for Chapter 7 filers to consider Chapter 13…

4 months ago

Evaluating the Path Ahead: Chapter 11 Reorganization or Corporate Dissolution for Your Small Business?

Fear not, there is a glimmer of hope amidst the chaos: Chapter 11 reorganization and…

4 months ago

Why using retirement funds to pay off credit card debt is a terrible idea

Using your retirement funds to pay off credit card debt might seem like a quick…

4 months ago