Hello all and welcome. Today I am here at the West Chester interviewing students about their credit and debt. Please help me first welcome Mr. Kevin Dean
Hey hows everybody doing tonight!! I'm doing great, I just graduated college! WOOOHOO now I have time to buy myself that BMW I've been wanting
What. Do. You. Mean. Loans? DEBT? What are you talking about? I actually have to pay that back?!
Oh wow... Congratulations... So I am assuming you already payed off all your loan already and do not have any debt?
Umm yess... I'm gonna send it back to Spencer and Matt to help me answer this one
And we'll take it from here Michelle... Hi I'm Spencer and I'm Matt and we are your finance gurus
7/10 students borrow money to help them pay off their loan. If you take a loan out, 6 months after you graduate you will be excepted to start paying it off
The average debt a student is in after college is $38,000
But, if you start paying it off now and create a budget for your future, you can see how long it may take you
Gee wow, thanks guys! I'll look into it! I am ready for this new chapter and hope I can save enough to go to Africa