Some Celebrities That Had to Pay Off Student Loan

There are a lot of people graduating with the use of student loans and the number just keeps on rising.

$1.3 trillion of the loans that students had in the U.S is on an average class of graduates will owe about $37,000 per student. Having debt from school can be pretty frustrating, it will really bother anyone, right? Never lose hope, do not let that kind of problem faze you.

Even the greatest celebrities of today were once students facing student loans. Some celebrities are also paying for their student loans until today.

You can check out the celebrities that were in the same shoes that you are in today.

The One and Only President Barack Obama

You should know that Barack Obama was also in the same shoes you are in right now. Even Barack Obama was under a lot of stress when he was finishing in Harvard, he had a lot of student debt. He was unable to pay everything right away, he finished paying right when he became a U.S senator.

Even his wife, Michelle Obama also took student loans. The couple said that they should start saving up for their daughter’s education as well. In stead of saving, they were paying back their loans.

In the year 2010, Obama’s Loan Forgiveness program was implemented shortly. Obama’s program was able to help a lot of borrowers in the U.S. The program affected the interest also end of term and other repayment factors for the student loans.

Cecil Shorts was Also Like You Before

The NFL professional receiver, Cecil Shorts never had a athletic scholarship. Cecil Shorts was able to finish his education because he was working on some part time jobs and he also took some student loans. He got a total of $70,000 in student loan debt.

Cecil Shorts took jobs like cutting grass to save up for the tuition. He encourages the youth to do summer jobs so that the student loan will be minimized.

You have to work hard to get there, it does not mean you should stop because you were less privileged, keep in mind that even Barack Obama had to struggle but look at where he is now.

You should keep on moving up and never quit working hard, it can all change when the going gets tough, you will be strong enough to handle that kind of problem.

You should pay off the debts after you graduate and once you get a good job, you can start with paying off the debt right after.