Student loan debt in the United States totals ONE TRILLION DOLLARS ($1,000,000,000). College Debt Solution has launched a crowd funding campaign. The ultimate goal of the campaign is to provide a broad array of options to help students to assist them in gaining control of their lives after graduation.
College Debt Solution is a firm that specializes in providing indebted student loan borrowers with federal and private loan consolidations and other viable options for dealing with student loan debt. The company also acts as a central source for advice and information needed by students seeking to fund their continued education, or who seek assistance managing existing student loan debt.
About College Debt Solution
College Debt Solution is uniquely qualified to fulfill its stated goal of becoming the debt solution industry’s leader in educating, finding, and implementing strategies to help students or graduates with student loan related issues. Troy Seeley, College Debt Solution founder, borrowed to complete his education without fully appreciating the implications. His story is the basis for the College Debt Solution mission.
Troy Seeley graduated with a Ph.D. in Organizational Psychology, as well as over $100,000.00 in private and federal student loan debt. With monthly debt service payments at an unaffordable $2,500.00, Troy found himself overwhelmed, as do many graduates who borrowed to complete their education. After countless hours spent researching loan repayment options, Mr. Seeley was able to develop a repayment plan that worked for him. During his research, Troy encounter a great deal of misleading, outdated, and outright incorrect information that caused him to misdirect his time and effort. Troy decided then and there to start a company that would make the process of finding solutions to financing education and managing loan repayment easier for other students or graduates. College Debt Solution was born.
To meet its self imposed mandate to assist students and graduates with student loan borrowings or repayments, College Debt Solution partnered with non-profit Credit Unions. Non-profit Credit Unions were the ideal partners because they focus on providing quality financial products and services to borrowers, rather than improving bottom line profits.
Goals for Crowd Funding Campaign
College tuition fees increase at three times the annual inflation rate. With 1 in 5 students already defaulting on their student loans, resources are needed to help educate students planning to borrow to finance their education, and to advise them about debt management options. Crowd funding through GoFundMe.com ( www.gofundme.com) is sought to accomplish three goals aimed at addressing this urgent need…
1. Build a community of support – College Debt Solution will create a movement for change by establishing a mentoring program. The program will focus on changing people’s lives through education, support, communication, and by making available quality products related to higher education and addressing the cost of further education. Students seeking to borrow money to further their education are not looking for a handout. They’re simply in need of a hand up to help pay for college tuition, or to assist with the development of a plan to repay existing student loans. The community of support is designed to do just that.
2. Build a community of borrowers – A community of students seeking to borrow to further their education, as well as those who already have done so, will serve as a central source for sharing ideas and experiences. Already College Debt Solution has compiled resources for a community of students and graduates to reference that will assist with borrowing to pay for an education, and help with repayment issues that may arise. College Debt Solution is also committed to maintaining up-to-date law and policy changes for the community of student and graduate borrowers to reference.
3. Expand Resources and Partnerships – College Debt Solution will develop webinars, seminars for online audiences, to help young people understand the actual loan process and to detail what resources that are available. As well, continued focus will be giving to developing new partnerships with organizations that can add to the current College Debt Solution services and solutions available to assist student borrowers and indebted graduates.
Already College Debt Solution has:
• Redesigned the look and feel of the company’s website. The redesign places emphasis on the needs of students seeking funding to advance their education, helping to assure they secure the best funding solutions possible. As well, the website focuses on providing students and graduates struggling with debt the resources needed to meet the challenges they face.
• College Debt Solution sought out and brought on board strategic partners willing and able to provide direct assistance to students in need of funding, and graduates requiring assistance with existing student loan debt.
• A convenient way was created for those wanting to participate in College Debt Solution’s social cause to do so. The specific page is at: www.collegedebtsolution.com
College Debt Solution staff and management believe indebted students dropping out because of financial hardship or graduating indebted is both a personal and national tragedy. Rather than being ready and able to contribute their talents and energy to their community, graduates find themselves fending off debt collectors while struggling to provide themselves with the necessities of life. Those students who were unable to attend college, or dropped out because they were not financially able to fund their continued education are unlikely to reach their true potential in life and are a lost resource.
Helping debtors with their student loans is as much a kindness as it is an investment in their individual futures and the betterment of the communities they live in, and to the United States as a whole. Join the College Debt Solution cause by visiting www.gofundme.com.
