Gold Silver Bitcoin to the rescue of students with monstrous loans

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Gold Silver Bitcoin is the name of the company that is publicizing a way out for college students who have humongous student debts to pay. According to the company, digital currency can be a part of the solution, as the number of North-American graduates who have fallen behind on their student loan payments has reached a record.

A report from the US Department of Education says that, in the third quarter of 2012, 11 percent of payments on student loans were 90 days or even more past due and were considered “seriously delinquent”. The document also announced that almost 30 percent of young adults with ages between 20 and 24 years old in the USA didn’t have a job or attended school.

Unfortunately, a college diploma “no longer guarantees a direct pathway to the middle class”, said Jack Buckley, commissioner of the National Center for Education Statistics, the agency from the Department of Education responsible for the report.

But now there might be a light at the end of the tunnel, as Gold Silver Bitcoin makes its triumphal entry in the scene, claiming its foundation happened “with the needs of the future investor in mind”.

The service says that Bitcoin is “what the modern precious metals investors needed as it offers privacy and can also be used as payment to anyone, anywhere in the world, instantly”.

Via coindesk.com

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Maria Santos

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.

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