Tuesday, April 25, 2017

How to Fund a Business When You Still Have Student Loans

From Bplans


Starting a business from scratch isn’t easy under any circumstances. But for members of the millennial generation, many of whom still sit atop a mountain of student loan debt, it can seem virtually impossible.
Student debt has risen dramatically in recent years to become the largest single debt source among those under 40. In fact, the average class of 2016 graduate will be saddled with $37,172 in student loan debt—enough to crush the entrepreneurial spirit of any would-be business owner.
Even so, if you have a business idea you believe in, there’s no reason to put those dreams on hold. With some careful planning and financial management—and a bit of luck—you can overcome your debt burdens and turn that killer idea into a reality.

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