Student debt because of the loans has bloomed in United States and has been at record heights. The outstanding federal student debt is now reaching astronomical heights of $500 billion.
In fact the number of adults who carry on these debts in to their working lives and beyond has almost tripled since 1983. As the number of students & adults who have debt has risen, so have the defaults.
But now help in various hues and colors may be on the way. Sallie Mae happens to be the biggest lender has announced some measures to help the students. They have introduced a loan which the students can start repaying while they are still attending college.
Also, check out the link in blue, if you are looking for comprehensive and latest info on Student Loans & Grants.
So how much difference does this make? Well the average time the load would be paid off jumps to almost 9 years and thats a big difference anyway you look at it.