Are Student Loans Forcing Students to File Bankruptcy in Delray Beach?
Student loans are a national issue, and there are very few programs being implemented to help the ongoing problem. In fact, more and more young people have started going the entrepreneurial route, as they feel that the student debt simply isn’t worth the education. Did you know that most people don’t pay off their debts until they’re in their forties? Did you also know that it costs around 40 thousand dollars a year to have a degree in America? The cost of college tuition is driving young people into searching for different routes, even asking if bankruptcy in Delray Beach is an option.
Facts About Student Loans and Bankruptcy in Delray Beach
66% – 88% of young college graduates are facing the student debt crisis. The issue only continues to rise as the cost of tuitions continues to skyrocket. There are very few options available to young people, and the debt of apartments, cars, and college can all leave a negative psychological impression. While it is quite challenging to fight for bankruptcy due to student loans, it doesn’t mean that numerous individuals haven’t tried.
There are many interesting elements that make paying off college tuition almost impossible. First and foremost, many of the careers that are being chosen are starting to diminish. The career market is over saturated in many areas, yet there isn’t enough education to let young people know this. Additionally, courts are quite difficult on kids who did not finish school, but still want to fight for hardships. Not only will some individuals finish without a college degree because of the cost, but most of them will have a difficult time paying it back.
If you’re looking for a firm to talk to you about bankruptcy in Delray Beach, reach out to The Law Offices of John E. Mufson today. Bankruptcy is our specialty, and we even offer debt programs to get people back on track. When you’re young, you shouldn’t have to face ridiculous financial burdens for trying to become an active participant of society. For a firm you can trust, rely on, and learn from, call The Law Offices of John E. Mufson today at (561) 272-1003. We’re here for you every step of the way!