Student Loan Debt Consolidation | College Grads in Crisis!

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Here’s the Video Transcript:

we want to tell you as well that tomorrow Washington is going to tackle an SOS from 6 million Americans and listen to this figure college students now oh nine hundred and fifty billion dollars in student loans and that’s more than the entire credit card debt in this country somebody broke back home with mom and dad before they even get started and thousands of you wrote us with your story so ABC’s David Muir decided to dive more deeply into what can be done more than a thousand of you sent us your three words graduates drowning in debt worried parents back in their old roles again there was this graduate nearly 25,000 dollars in debt just getting started paying it off this graduate 78,000 and debt will never end and this young woman 100,000 and debt moved back home something we heard from so many of you graduate Ashley Meyer took us into her Dallas bedroom this is my room the same bed she slept in before she went to college the same dresser the only thing different pile of bills my lovely student loans Ashley graduated from UT Austin about 70,000 in debt she paid 750 dollars a month which is why she’s back with the family dog XD with dad back with mom who just like she used to asks her college grad if she’ll be home in a decent hour watch the game alone but still living down the hall one recent survey of this year’s college graduates revealed eighty-five percent saying they’d be moving back home 5.9 million young adults 25 to 34 now live at home up twenty five percent in just the last four years you can talk to people in this generation who find themselves in a place they never expected to be four five six years out of school and back in the bedroom they had in high school the President and First Lady have spoken often of the student loans they both had still paying them off nine years into their marriage until just a few years before he was president but the amount of student debt in this country is up dramatically college tuition spiking just as young graduates are unable to find work to pay it off you are seeing this tremendous debt which ways down these young people especially an economy like this where so many of them are having trouble getting on those our steps of the escalator and beginning a career there was 26 year old Carolyn Riley who simply said spirit not broken she too now lives back with her mother and her brother also a college graduate who’s back home she’s one hundred nine thousand dollars in debt she’s paid off six thousand so far who doesn’t want the American Dream and I’m not even talking about living in a mansion we all just want a nice paying job or we can pay our bills that kiss from mom before they’re off for the day just like when she was a little girl now grown up but back home just like Ashley back in Texas saying simply still have hope and tonight we are learning more about that SOS Diane mentioned a new plan from President Obama to help college students reduce their monthly payments consolidate federal student loans and lower interest rates but we’re going to crunch the numbers right here tomorrow night and ask the big question Diane will it help any of the people you just met there or its work and still having hope very moving are you currently facing student loan problems then don’t wait another minute to see if we can help resolve your federal student loan issues it really is as easy as making a 15 minute call find out we can help you consolidate all your federal student loans into one easy payment lower your payments and even in some cases by much as fifty percent lower your interest rates get flexible repayment options stop harassing collection agency calls and administrative garnishment in as little as eight weeks call toll free 1 888 894 0777 to speak with a counselor now or for more information visit us online at WWDC late my student loan org

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