Young adults head to college each fall full of hopes and dreams for the future. Some go to learn the skills they need to enter the corporate world, government work, or another type of industry. However, many of this generation are not seeking higher education because they want to work for themselves. They want to learn the skills needed to start their own businesses. The millennial generation is full of young adults who dream of becoming successful entrepreneurs. And many of them have succeeded.
Yet, for each of these entrepreneurs who have seen great success, there are many others who can’t get past their college debt. Often times, college students take out loans and run up credit cards without much thought about the impact it will have on them in the future. Then, when school is over and they are ready to pursue their dreams, they find that their college debt can get in the way. Fortunately, programs like Freedom Debt Relief could help.
The Impact of College Debt
A recent study by NerdWallet, a website offering financial tools, revealed that almost half of undergraduates admitted they could have borrowed less money than they did for college and still meet their financial obligations. According to the study, college students borrow, on average, $11,597 more than they actually need. And this dollar amount is for student loan debt, it doesn’t even include credit cards, which is another area where college students can get into trouble.
What does all this debt mean for young adults after college? It means that it will be much more difficult to start a business. If you already carry a lot of debt, it will be challenging to get a loan for your startup idea. Plus, the payments you are required to make each month on student loans and credit cards can seriously impact your cash flow. If your company isn’t earning enough money right from the start for you to meet your financial obligations and grow your business, you may find yourself entering the workforce just to make ends meet.
If you are already feeling the impact of too much college debt, it isn’t too late. Freedom Debt Relief offers programs that could help you regain control of your finances and your future.
What is Freedom Debt Relief?
Freedom Debt Relief is a debt resolution company that could help you eliminate your debt. It is the largest and most successful company of its kind in the country. And its programs have helped hundreds of thousands of people (and counting) regain control of their finances by reducing their debt. In fact, the company has resolved over $7 billion in debt for its customers.
The way that it works is that you complete an online form or call one of the certified debt counselors to discuss your debt. After reviewing your unique situation, your counselor will make some recommendations to you on how you could save money and resolve your debt. Each program is customized specifically to your needs so that the right solution is found.
Once you are enrolled in the program, Freedom Debt Relief expert negotiators will begin negotiating settlement agreements with your creditors to significantly reduce the amount you owe so you can pay it off faster. This process continues until all of your enrolled debt has been eliminated. As you go through the process, customer service representatives are available anytime to answer your questions. Plus, you will have your own login and client dashboard where you can watch the progress of your debt elimination.
Freedom from Debt Puts the Control Back in Your Hands
If you are out of college or just about to graduate, and struggling because of all of your accumulated debt, there is a better way. You don’t have to give up on your dream of being self-employed. You simply need to utilize the right tools to help you achieve your goal. With Freedom Debt Relief, you could take back your future by eliminating your debt.