As most students know, the pursuit of academia can be an enormously expensive trip. Luckily students have the benefit of student loans to help them pave the road to academic excellence, however as graduation day nears and students realise that these loans have to be repaid, they can be seized by panic as they scramble to find the means to do so.
It is therefore essential that students be aware of the fact that they too can qualify for financial debt counselling. A consumer does not have to be at the end of their rope to seek out the help of a financial debt counsellor, they can be a freshly graduated student looking for a means to make the income of their first job cover their now suddenly enormous student debts.
Students who opt to go for financial debt counselling can only benefit from the process – aside from helping them manage their study debts, the process will also teach them to be financially prepared as they step into the adult world of mortgages, vehicle finance and monthly living costs.
Graduates do not earn a lot of money at first, as they are only starting to build careers, there is no need for them to spend the majority of their earnings on student debts, when financial debt counselling can reduce these payments and extend the repayment period.
If you are a student facing the daunting task of paying back years of student loans, consider financial debt counselling for students as a means to pay these debts and build your future.
Article written by: Andrea van Tonder 06-2013