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Federal Student Loan Debt: How to Minimize the Consequences and Long term Effects

As of October 2022, federal student loan debt in the United States totals $1.745 trillion. The average public university student borrows $32,880 to attain a bachelor’s degree. Taking out student loans can be scary, but in this video, I’m going to share how to minimize potential consequences and long-term effects of student loan debt. 00:00 Intro 02:11 Consequences of student loan 05:34 How to minimize consequences Videos on Student Loan:    • Student Loans   At The Scholarship System, we redefine paying for college to help families build strong financial futures. The Scholarship System teaches a step-by-step process to secure college funding, primarily focusing on scholarships, through our online courses and resources. Families have secured over $10.5 million in scholarships to date, helping their students pursue their dreams of a debt-free college education. Ready to pay for college with scholarships? Start Here: 👀    • How to Reduce Your Tuition Bill: Payi...   When you’re ready to go deeper, check these out: 💸 Free Webinar: 6 Steps to Securing Scholarships: https://thescholarshipsystem.com/free... 🎓 The Scholarship System:A 6-Step System to Securing Scholarships (online course): https://thescholarshipsystem.com/onli... 💰 Debt-Free Degree Lab: Members-Only Community on paying for college with additional college tuition resources for parents: https://thescholarshipsystem.com/join... 🎓SUBSCRIBE:    / @thescholarshipsystem   Let’s Connect! FB:   / thescholarshipsystem   Pinterest:   / scholarshipsys   Twitter:   / scholarshipsys   P.S. International Students - This information is meant for US citizens and/or residents in the United States. While many of the tips will be helpful for you (i.e. how to write a well-written essay), we are not specialized in international student scholarships.