It's double trouble? Schools and repayment student loans

Many of these trade private student loans schools advertising on television and have become familiar names. Some examples of federal student loan at the University of Phoenix, ITT Technical College and the Cordon Blue Cooking School, among many others. It is not uncommon repayment student loan for these schools to profit billions of dollars of business per year.

Gains can be substantial, sometimes exceeding $ 40,000 for the student loan forgiveness program two years in some cases.

These schools were flourishing trade in recent years, while the economic slowdown. People understand that business is declining and the future looks promising for many, and I think the only way forward and to live decent lives in the future is to form and pay a good job. The problem is that they fooled again. They do this by listening to the recruitment of these schools, tell them they are likely to be placed in jobs in industry associations have developed a school. They also believe he can expect a certain level of salary after completion, and it is often quite unrealistic. Of course, these figures are never written, and does not guarantee, but people tend to cling to her dreams and get into a difficult situation if they do not earn wages closely and can not wait for repay your student loan after graduation trade.

Student loan forgiveness. Debt Office of Student Loans is that a person should only borrow as a whole and in its first year of treatment will be, beyond what the debt Student Loans is too high. If someone borrowed $ 40,000 for one year of business school two years, this would mean monthly repayment student loan payments of 460 million ten-year payment. The second axiom is that the student loan installment payments should not exceed 10% of the monthly salary of a person. Thus, it student loan forgiveness programs should earn about $ 55,000 a year to ensure that the level of direct student loans debt. There are many jobs to pay the $ 55,000 challenge for newly trained graduates.