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Looming Loans: How To Tackle Student Loan Debt

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DALLAS – Summer is in full swing. And while school is out, for many college graduates, the burden of student loan debt is looming over their heads like a storm cloud.

According to Market Watch, around 70% of folks who've earned a bachelor’s degree end up in debt – adding to the $1.2 trillion of student loan debt in the nation. And in Texas, the average student loan debt is over $22,000.

Yikes!

So now that you've accumulated this debt, where do you go from here?

"A lot of people just don't know their options and a great website to understand what type of options you have for paying back your federal student loans is studentloans.gov,” Rashida Thomas said. Thomas is a student loan debt expert.

As for those who are looking to enroll in college, are there ways to avoid racking up big bills?

"You got to apply and look for scholarships,” Thomas says. “No matter what grade you're in. Even if you're a freshman in college. Even Sallie Mae. Everybody hates Sallie Mae. But Sallie Mae has listings of scholarships."

If you're looking for extra tips, student load debt expert Rashida Thomas is holding a seminar for those in need of guidance.

"We're coming up with an actionable game plan for you to be able to understand, really sit in what student loan debt you have; come up with an actionable plan as to how to pay that student loan debt off,” Thomas told Newsfix.

The seminar is Tuesday night, from 6:30 to 8 – at Dallas' Club Corp building.

You can register here.

In the meantime, stay away from those Payday loans people!