Cash Loans – Cash Advances

As a society, we’re taught that a college degree is a sure way to obtain higher wages and ensure financial stability. In the current economy, more college graduates are unemployed than ever before. And, recent college graduates that are employed are making less money- making it very tough to pay monthly bills and repay student loans.

Today, The Washington Post had a great article on private student loans. The piece states that there is no bankruptcy protection with private student loans- putting borrowers at the mercy of unjust lenders. As it stands now, if you file for bankruptcy with federal student loans or payday loans, you may be able to work out a payment plan or even have them reduced. On the other hand, you’re still obligated to pay your private student loans in full. If you cannot repay these loans, the lender has the right to garnish wages. For some, making it nearly impossible to climb out of a viscous debt cycle.