Crowd Funding Campaign Launched To Address $1 Trillion Student Loan Debt

LOS ANGELES - May 2, 2014 - PRLog -- 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.

CollegeDebtSolution.com 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.

Soon after completing his studies, his life was nothing like what he had imagined. Unmanageable loan payments, equaling more than my monthly rent, sent him and his family into a financial downward spiral. Searching for straight answers about his rights and options led him only to endless bureaucratic loan repayment processes, and to feeling overwhelmed by my situation. I founded College Debt Solution because the truth should be told, and the facts should be clear about the terms and obligations of student loan repayment.

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 is sought to accomplish three goals aimed at addressing this urgent need...

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.

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.

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.

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.