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Although achieving higher education degrees means more job opportunity and the potential for higher salary benefits, you still need to pay for it.  A decent education can also come with a hefty price tag.  A recent study has found that at least 50% of college graduates have incurred some level of student loan debt. Some studies put this number closer to 75%. With tuition and living expenses rising each year, the number of students carrying debt beyond their four years of college will also rise. All of this is means that you are not alone in your debt situation.  

Student Debt Alert: The Student Loan Crunch at You

There are many resources available to help your manage your student loan debt. If you are a first time student, then this is probably your first major loan. You want to make sure that you can keep current with your payments to insure a positive credit rating. This will ultimately help you when it is time to make major purchases in life such as a car or home.
You Can Deal With It: Student Loan Repayment, Debt Management & Student Financial Planning Resources

Many graduating students and their families find themselves saddled with debt. At times it can seem to be overwhelming considering you might not have even found a job yet to pay off the debt. Before taking on a debt, understand the ramifications and how it will impact on your life beyond college.

• CNN.com: Student Loan Deb - How to Get Relief
• USA Today: Graduates Saddled with Debt, Student Loans Can't Easily Turn to Bankruptcy

Student Loan Debt Myths

• You cannot refinance loans that are in default
• You can only refinance a student loan when you graduate
• Bad credit will stop you from refinancing
• Once you refinance you cannot do it again

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