Without the buoyancy of an upcoming Harry Potter debut, earnings forecasts from publisher, Scholastic, may seem more inflated than a lifeboat. The popular series has promoted literacy and education, feeding into our higher education system a body of eager minds on the backbone of a weak economy.
Two-thirds of kids go to college on student loans and graduate into an average debt load higher than twenty thousand dollars; whereas, just over a decade ago, only a little more than half the students borrowed money for school. (If you add law school on top of a four-year degree, you can turn that into a six-digit number quickly.) Nonrevolving credit, which includes student loans, is down at an annual rate of 1.5 percent, indicating that fewer high school graduates are choosing higher education. Graduating Summa cum loaded-with-debt may be an educated choice, but not an easy one.
In the macrocosm of economic recession, unemployment is high, and home loans are hard to come by, especially if you are already burdened with a student loan. The long term implications of this economy are a lower rate of higher education.
Tough times call for tough choices. If your family is facing foreclosure and someone in your family is looking to go to college, the choices may become easier with a foreclosure defense. A foreclosure defense can outline what the options are, and give you time to work out a deal with your lender, stabilizing the status of your home, while you look to the future.
Do not let a home foreclosure compromise your family’s future.
And if you need a Harry Potter fix, stop by the Saint Augustine Board of Realtors Trade Show tomorrow, October 16th, between 11 and 2 and you will find some characters there!
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