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U.S. grads find it harder to pay off student loans than UK grads

A recent study revealed that although student loans are substantially higher in the UK than the U.S., college graduates in the U.S. often find it harder to settle their debts, an article of University Herald reported on June 17.

In the report released by the Sutton Trust, tuition fees in the UK were the highest among English-speaking countries and college graduates were left with heftier student loan debts. Even so, students in the UK had an easier time settling their debts than American students. The research focused on 30 English-speaking countries including Australia, New Zealand, and Canada. Unlike graduates in other countries, UK grads are given “clear repayment methods.” U.S. grads often contribute to the glaring student loan debt level because many of them are not earning income to settle their debts.

The Greenway Bankruptcy Law, LLC legal team understands that many college graduates are stuck repaying their student loan debt without an income to do so. If you have debt with no income, we may be able to offer you a legal option to help resolve your financial issues. Call our office today at (205) 324-4000 to learn more about your options.

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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

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