Theres no question the student loan situation in the U.S. has reached crisis levels. Many borrowers are struggling with colossal amounts of debt, not sure where to turn for help. At last count, total student loan debt in America stood at $1.3 trillion, with 43 million people stuck with at least one student loan. And it doesnt help that many graduates are still finding themselves unemployed or underemployed with little means to cover their rent, let alone hundreds of dollars in student loan bills each month.
However, the student loan debt problem doesnt stop there. The effects are spilling over into other areas of peoples financial lives and preventing them from buying homes, purchasing cars…
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