Bankruptcy doesn't have to be something bad.
It can actually be the start of something good.
Your situation is unique, and it's personal.
Your attorney should be as well.

Student Debt Statistics

As American students are increasingly striving for higher education degrees to fulfill the demands of a competitive job market, they have also found that the price of this educational trend can prove particularly steep. High education costs often put students, who generally lack the kind of financial stability to pay for school on their own, in fairly deep levels of debt. This is often rationalized by the prospective salary of student’s intended profession, but that thinking does little to provide for debt repayment until he or she can secure a job.

For more information regarding your options if you are burdened by heavy debt, contact the Birmingham debt negotiation attorneys of Greenway Bankruptcy Law, LLC, by calling (205) 324-4000 today.

The Numbers on Student Debt Levels

Between undergraduate and graduate students, the cost of higher education can prove astounding. As many higher-paying positions require applicants to at least hold a bachelor’s degree, if not a master’s, the overall figures concerning student debt and the total student population are steadily increasing. Consider some of the following statistics:

  • 60% of undergrads borrowed money for their degree between 2000 and 2007
  • Average debt for undergrads grew to $22,700 between 2000 and 2007
  • 84% of undergrads had at least one credit card in 2008
  • The average number of credit cards among undergrads is 4.6 per person
  • 56% of graduate students borrow for their degree
  • Average debt for graduate degrees is roughly $40,000

These figures illustrate a staggering burden on individuals who are usually financially compromised by their lack of a salaried job during school.

Contact Us

If you are struggling to make payments on your credit cards and other financial obligations, contact the Birmingham debt negotiation lawyers of Greenway Bankruptcy Law, LLC, at (205) 324-4000 today. We can provide the help you need to get your finances back in order.

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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
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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.

Greenway Bankruptcy Law, LLC 505 20th St N #1220, Birmingham, AL, 35203 | Phone Number: (205) 324-4000