Private Student Loans – Why They Create So Much Pressure For Students
Many students turn to alternative private student loans for help paying for college – a move that leaves some observers wondering whether widespread defaults could lead to a crisis similar to that in the sub-prime mortgage market.
Many students will find themselves after graduation under “Student Loan Pressure” – meaning someone around 25 years old may have to wait many years to qualify for a home mortgage because of their high debt load. Many people have been seduced into thinking that there’s no limit to the debt that they can assume.
Knowing this and seeing what’s been going on in the credit markets, it’s more important than ever to have a proper college funding plan in place. Our mission is to help you develop a game plan on how to comfortably send all of your children to college while minimizing these private student loans.