Transcript of video:
Outstanding student loan debt has recently surpassed both auto loans and credit cards to become the second largest consumer debt in America today. As a young professional, I get to see first-hand how student loan debt can hurt a young person as they try to gain their independence after college. It is hard to see a young person struggle to accomplish their financial goals because of the student loan burden they have. But, there are ways to help reduce that burden. Some people may qualify for Income Based Repayment plans; others just need help trying to figure out the best way to budget for their monthly payments. Don’t get me wrong, student loans are not a bad thing, and in most cases they are a necessity. But what is important is to find a way to manage those monthly payments in a way that can help you accomplish your other financial goals.