http://www.debtdude.com/debt/student-loan-debt.html Student Loan Debt - It's Not My Fault I Have Student Loan Debts- Am I Really Responsible? en-us Thu, 19 Aug 2004 15:24:44 EDT Thu, 19 Aug 2004 15:24:44 EDT Weblog Editor 2.0 Student loan debts are very common, and often times students are too young to realize what they are getting themselves into when they take out the loans. As tuition fees rise more and more students are being left to pay for their own schoolimg, but not without the help of their parents. Though parents sometimes fill out paperwork, the loans are often in the student's name. Students should remember that if the loan is in their name then they are responsible. While parents often handle the paper work, students often inherit the debt. Have you been wondering how you'll ever become debt free? Communication is the Key for Student Loan Debt Relief Because students are often young and confused by loans, many parents handle college finances. And while students are busy with classes and parties, they often forget that their parents aren't picking up the bill. Parents and children should be careful to communicate about money that is being borrowed and payments that are to be made. Often students do not realize how much money they may owe until they already have student loan debt, and a bad track record with the bank at a young age. If your parents do not inform you of the loans you are taking out, you are still responsible for paying the money back. No matter what, if the loan is in your name, you are responsible. Time to Consolidate Your Student Loan Debt When you first get out of school and have your first real job is a good time to look into student loan debt consolidation. Setting a small amount of money aside each month is a good way to pay off loans steadily. The earlier you consolidate the more money you will save. And putting aside small amounts of money before you go to school is a great way to self build debt relief and to avoid being trapped by bad credit. Thu, 19 Aug 2004 15:24:44 EDT