For Young Entrepreneurs, Starting a Business with Student Loans Is Complicated

iStock

For Young Entrepreneurs, Starting a Business with Student Loans Is Complicated

Jan, 12th 2017

Saddled with $40,000 in college loans, Catherine Berendsohn, 29, struggled to get a web design business off the ground after graduating from Florida State University in 2010. Ms. Berendsohn, an artist-entrepreneur, wanted to rent a storefront and start a roving studio in Monterey, Calif. Her student loans, however, prevented her from getting the money she needed.

As she tried to expand her business, Ms. Berendsohn was denied a personal credit card. Her college loan payment was $400 a month at the time. She took on a website project and began to accept other clients in Carmel Valley Village, Calif. But then she lost a commission for a local mural project. Unable to continue to pay her monthly expenses, she shut down her...

Read More

Join Us. We are waiting for you!

Sign Up Today!

We welcome you to our community where you can gather and share information on debts and issues which may have your life unsettled. Together we thrive!


Logo mobile 4b2fda9e088d7249be95ede0cc3adea2de299a346ba55b450264e0c976b239c5

Join our community Today! IT'S FREE

Our Interactive Knowledge Base Has All The Infomation You Need To Settle Your Debt & Settle Your Life™

SIGN UP NOW!

Join, Resolve & Share!