Student Loans: Can Paying Them Off Boost the Economy?

As small children these days, many of us are taught to think about what we want to be when we get older. We are asked by our parents, teachers, and family friends, “What do you want to be when you grow up?”

“Would it make a difference in the US economy if graduates and their families paid off their loans in full?” When it comes to student debt, American’s are drowning. Many people today are graduating with advanced degrees but can’t get jobs that give them the ability to pay off the loans in a reasonable amount of time or make the high payments at all!

What could you do with all the room in your budget if you were not makings large payments to your student loan payments each month?

Think of all the ways you could contribute to the economy if you were able to spend more on the things you want or need to spend on, rather than on only making the minimum payments to your loans!

The thought of making payments on your student loans while you are still a student can be a lot, but it is essential when planning for your future. 


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