'I was expected to make a $400 loan payment every month, but I had no money, no sustainable income. College ruined my life.'
Faced with crippling student loan debt, a Pennslyvania man chose to leave the United States to avoid paying on his balance.that America had become a prison and that he felt he had no choice but to leave in 2011. At the time, Albright said, he had been searching for a job for two years but was never hired.
"I wanted that diploma, and I was willing to work for it. Everyone always told me it would be worth it," Albright told theInstead, Albright said he continued delivering pizzas and applying for jobs in public relations. He moved back in with his parents and fell behind on student loan payments. With his rent paid for by his employer, and the cost of living considerably lower in China, Albright said he was able to enjoy things he couldn't in America.When he graduated, Albright estimated he owed $30,000 in student loans.Student loan debt statistics, reported in the first quarter of 2018 by the Federal Reserve, indicate that $1.52 trillion is owed from individuals who borrowed money for college. Over 44 million people owe money on their student loans and 10.
Katrina Williams, another graduate who currently lives in Japan, said her $700 a month student loan bill required her to take on multiple jobs. Democrats are hoping Congress will enact laws that provide protection to student loan borrowers, who sometimes aren't informed about loan repayment plans that are the best option for their circumstances,"You want your degree at the end, and that's really the focus when young people get in there.
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