It is an undeniable fact that a student loan seems to be a blessing in disguise. Being able to make it through college or university without financial assistance from student loans is nearly impossible. However, the real trouble and worries come once it is time for one to pay it back. While some may find themselves in circumstances where they can handle repayment that is not the case for all of the 44 million Americans dealing with student debt.
Despite their best efforts sometimes those dealing with this massive debt face the following:
-Interest rates that continuously add to the balance that they are trying to pay down
-High debt to income ratios affecting their ability to buy a home
-Those in default have to tend to the negative impacts it has on their credit rating
-Stress induced by the financial paralysis of being unable to get out from under the loan
-Being unable to save for a home, emergencies, college for children etc.
-Working multiple jobs or staying in high stress work environments for the pay
-Being unable to retire
Our goal is to alleviate the stress that comes with these huge financial burdens and ensure that no one lets go of his ambitions in life solely because of pending student loans. Through our fundraising efforts we hope to raise enough money to be able to make the difference in the lives of people with student loans.