What Would You Do to Erase Student Loans?
There are 44 million student loan borrowers with a total debt of $1.4 trillion, what would you do to erase your student loans?
The Student Loan Report put out a fun survey of 501 student loan borrowers and asked, “What would you do to erase student loan debt?”
There are 44 million Americans with student loan debt and on average they carry about $30,000 in debt. The national total student loan debt is $1.4 trillion and growing. A previous study looked into life events of student loan borrowers and the study found 63 percent of graduates delayed buying a home, 73 percent put off saving for retirement, and 28 percent put off getting married.
- 46 percent would give up Netflix forever.
- 28 percent would sacrifice their favorite sports team never winning a championship again.
- 30 percent would serve in the military.
- 51 percent would work on the construction of Trump’s border wall for one year.
- 51 percent would give up WiFi for the next five years.
- 12 percent would be Trump’s personal butler for the next four years.
- 15 percent would let the government have access to all of their devices and social media outlets.
- 96 percent would give up all future Social Security benefits.
- 56 percent would swim in shark-infested waters for one hour.
“The results of our survey are slightly graphic and disturbing but show the lengths that Americans may go to free themselves from student debt,” Drew Cloud, founder of the report, said in a statement.
Student’s seeking forgiveness is nothing new. There are options put in place for student loan forgiveness, they just take time. Things like Public Service Student Loan Forgiveness takes 10 years before you can receive your loan forgiveness. You also have to be under a qualified repayment plan called, income-driven repayment plan. It seems a little more realistic than giving up Netflix forever or taking a dive in shark-infested waters. There is always help out there, Ameritech Financial specializes in student loans and takes pride in their knowledge of the Public Service Loan Forgiveness. The call is free to see if you qualify.
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