Orange County, CA -- (SBWire) -- 05/01/2013 --The college experience is still at hand as graduating students are held back by piling student loan credit card debts. The school loans acquired by medical students in the University of Iowa are haunting them to the point of no return as they seek ways on how to get out of debt and shake off the burden.

Constant increase on tuition fees in numerous colleges is causing more students to make bigger loans in order to continue school. Because of the excessive cost of each semester, students applied in loans are trailed with debts rising up to $100,000+. With no favorable work type, more students are being burdened with these debts and are at wits’ end on how to get out of student loan debt.

Medical students, above all, have the highest ratio of student loan debts. A great percentage of graduating medical students is still tied with more than $160k+ on average. Because of this jaw-dropping figure, medical student Shady Heinen from the University of Iowa is wavering for a better student loan program.

The student loan program proposed by Shady Heinen is requesting for an interest rate that is half of what the federal government is currently offering. The Iowa Gov. Terry Branstad is impressed with Heinen’s idea of the student loan program. Although the student loan programs are typically helpful, the high interest rate is short of it in terms of long term investments. On the other hand, the interest rate that’s cut by half is too much for the federal government to give easily. As it has been said, the demands are too high and the sources are too low. The Congress, though bumped by the effort, is still in debate regarding Shady Heinen’s proposal of a more merciful student loan program.

In the meantime, some students from state colleges and universities alike are approaching the idea of how to get out of debt with simpler solutions. Without work, students and graduates will be unable to pay their student loan debts. Since the university/ college life is tied with studying more than working part-time, students are trying to learn how to invest in an online business for income. As an alternative solution, unemployed students and graduates turn to online marketing and freelancing. Because of the inability to work more hours outside, students seek faster ways to gain a price between $50,000 to $100,000 in a few months. The eagerness to pay the loan debt as soon as possible drives graduate students to maximize their options by sidelining as online entrepreneurs.

Debts are greater in numbers but the ways to give solution to them are greater in other measures. As Shady Heinen said in his speech at the University of Pittsburgh said that accomplishing things is achieved if you go out, get it and do greater and bigger things. Ultimately, making effort is the primary source for students to be able to figure out how to get out of debt. Soon enough, everything will definitely pay off and fall into place.

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