Student Loans and Credit Cards | Worth the Hassle?

Horror stories galore

Like many hundreds of thousands of others, I have student loan debt. This isn’t something that cheap loans or fast cash can handle. I’m going to be paying this off for a long time, which I’m sure is the same story for many of you who went to college with the hopes that your grand career would wipe away the debt quickly. You may also be something less than a whiz when it comes to managing your money (I’m guilty), so that means it can take that much more time to get out from under the debt.

Bob Sullivan reports for MSNBC that there are many people who wonder whether it was even worth going to college, at least from the standpoint of the student loan debt it places on your shoulders. That’s why Web sites like StudentLoanJustice.org were created. Victims of one of the greatest financial frauds in American history have to come together and support each other.

Victim Like You and Me: Hernan Castillo

Hernan Castillo is struggling with $5,200 in credit card debt and $30,000 in student loans. He makes his payments on time, but he sees “little hope” of getting out of the back-breaking warehouse job he holds (let alone save for a home or retirement) so he can pursue his dreams of becoming an accountant. He “firmly believes” the money spent on college was a waste. ... click here to read the rest of the article titled "Student Loans and Credit Cards | Worth the Hassle?"