Celebrities Who Paid for Student Loan Debt
There are a lot of people graduating with the use of student loans and the number just keeps on rising.
It is over $1.3 trillion, what the student loans are owed mostly in the U.S and on an average class, the students that finished owed almost $37,000. Anyone with debt will be bothered by the problem that they have, right? It will really mess up some plans. Never lose hope, do not let that kind of problem faze you.
Even the celebrities before had their own debts when they were students. Some are even still paying them back today.
You can check out the celebrities that were in the same shoes that you are in today.
United States President, Barack Obama
You should know that Barack Obama was also in the same shoes you are in right now. President Barack Obama was able to finish his education in Harvard but he was in a lot of student debt. He was unable to pay everything right away, he finished paying right when he became a U.S senator.
Even his wife, Michelle Obama also took student loans. The couple also mentioned that it would have been best to have just saved money for their daughter’s education. And instead of saving up for their daughter’s education, they spent everything on their loans.
In the year 2010, Obama’s Loan Forgiveness program was implemented shortly. Obama made sure that his program will be able to save a lot of borrowers. The program affected the interest also end of term and other repayment factors for the student loans.
Who is Cecil Shorts?
You should know that Cecil Shorts, one of the best receivers in the NFL never had a athletic scholarship. He was able to pay for his education because he worked at part time jobs and took out loans. He got a total of $70,000 in student loan debt.
Cecil Shorts took jobs like cutting grass to save up for the tuition. He said that it would be better to work during summer vacation to be able to save up for the tuition.
You have to work hard to get there, it does not mean you should stop because you were less privileged, keep in mind that even Barack Obama had to struggle but look at where he is now.
You should keep on moving up and never quit working hard, it can all change when the going gets tough, you will be strong enough to handle that kind of problem.
Once you are finished schooling and you start getting legit jobs, that is the time you pay them off, without proper education you can’t get a proper job.