Student Loan Debt Tops 1 Trillion Dollars Nationally!

Georgia has some outstanding public and private colleges & universities, including University of Georgia, Georgia State University, Georgia Perimeter College, Kennesaw State University, Georgia Institute of Technology (Georgia Tech), Georgia Southern University, Emory University, Valdosta State University, University of West Georgia, Savannah College of Art and Design, Columbus State University, Gainesville State College, Mercer University, Armstrong Atlantic State University, Augusta State University & Macon State College, to name just some of the largest institutions.

Because Georgia has so many colleges and universities, many Georgians are burdened with huge amounts of student loan debt. And the crisis of student loan debt is only growing. Here are some recent (and very scary) articles about how the enormous amount of student debt is crippling peoples financial lives. As bankruptcy attorneys, we see it every day.

And beware of private, for-profit colleges. That's places like University of Phoenix, DeVry University, Strayer University, Kaplan University, Corinthian Colleges, ITT Educational Services & Carrington Colleges.

http://www.dailycamera.com/editorials/ci_21062780/profit-colleges-are-feeding-student-loan-crisis

Student loan debt has been linked to lower home values. So for residents of Fulton, Gwinnett, Cobb, DeKalb, Forsyth & Cherokee counties, even if you don't have student loan debt, that crushing burden is lowering your housing values.

http://rismedia.com/2012-06-25/student-loan-debt-crisis-linked-to-lower-home-values/

And remember, student loan debt is virtually impossible to discharge in bankruptcy!

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