The Worst Careers for Student Debt - 2013

Recent studies have provided the best and worst careers for 2013 and just how fast you they will take you to pay off your student loan debt. Consumer experts are saying some regret their choice of career path, or just the choice of going to college, the motto “ Always shoot for your dreams” is taking a turn and changing into “What has the biggest payoff.”

In today’s society, some may be paying off their student debts until they become grandparents. Who wants to do that? If you haven’t already chosen a career path, do some research and make sure you make the best possible decision for your return on investment for a college education. The harm of paying off student debts for decades has been straining the economy. Many are deciding to delay their plans of buying a home, starting a family and living comfortably due to their student loan restrictions.

According to Bankrate.com this research is estimated on those loan payers who put 10% of their annual salary toward repaying student loans, borrowed the full cost of tuition room and board, and paid an average loan interest rate. Below is a list of some careers and the years it will take you to pay off your loan based on this criteria:

Marriage and family therapist – up to 35 years

News analyst, reporter, journalist – up to 32 years

Veterinarian – up to 28 years

Full-time Teacher – up to 22 years

Librarian – up to 22 years

Zoologist – up to 20 years

Public Relations and Marketing Specialist – up to 15 years

Dentist – up to 13 years

Lawyer – up to 13 years

Accountant – up to 11 years

Family Physician – up to 10 years

Political Scientist – up to 8 years

Civil Engineer – up to 8 years

Of course, some can pay off their student debt sooner by making larger payments but make sure you are in financially able to do so in order to avoid future debt.

If you are struggling with personal debt, call an expert today at Debt Free Australia for professional advice, tailored to suit your needs and circumstances on 1800 676 598, or visit http://www.debtfreeaustralia.com.au