10 Ways To Reduce Student Loan Debt

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Unless you’ve received a full-ride scholarship to college, saved your pennies, or have another way to pay for college, the chances that you’ll incur some amount of student loan debt are almost unavoidable. However, there are ways to keep the student loan debt from becoming overwhelming and reducing your chances of filing for bankruptcy in the future. This article discusses certain steps you can take before and while in college, in order to avoid falling too deep into debt while furthering your education. 

Now you may be thinking that filing for bankruptcy doesn’t discharge your student loan debt. This is not entirely true. Many people looking for relief from debt, including student loan debt will discuss their financial options with a Naples bankruptcy attorney. And in some cases, it is possible to discharge student loan debt. 

If you’d like to discuss your financial situation with a bankruptcy lawyer in Naples, contact the law office of Miller, Hollander, & Jeda. We can help you get back on your feet and on the path to financial freedom. 

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The Difference Between Good Debt and Bad Debt

For most of us, debt is a dirty word. The idea of living debt free is a goal that many Americans strive to meet, but few make it there entirely. On the other side of the spectrum, we’ve been told “you have to spend money to make money”, which has left some of us spending more money then we are earning, thus creating a mountain of debt that results in bankruptcy. Debt is one of the biggest causes of stress and has over 53% of American employees stressed out, with the average U.S. household owing  $134,643 in debt.

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