A report released by The Institute for College Access and Success places Alabama ninth out of the top ten “High Debt” states with the average student loan debt at $31,000.
Unfortunately, Alabama is also one of only five states where the average school debt exceeds family income.
In addition, a new survey by Student Loan Debt Crisis states that approximately 20% of student-loan borrowers cannot afford their next payment and 44% state it will be a challenge. Even worse, more than 65% of borrowers have less $1,000 in their bank account.
Representing clients in the areas of Chapter 7 Bankruptcy, Family Law/Divorce, and car and motorcycle accidents for 20 years.
(904) 712-5565 or (305)-688-LAWS (5297).
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