Student loan debt has been a significant source of discussion across the country and on this blog. This isn't surprising, especially considering that average student debt loads are climbing to new levels. The problem, for many people, is that payments are simply too high relative to monthly income.
Many people eagerly await pay day. For those living under tight financial conditions, losing a portion of a paycheck means that meeting basic expenses for rent and groceries might be impossible. Many people, unfortunately, can face wage garnishment from creditors if they fall behind on bills, which can put them in an even tighter financial bind.