Can Students Avoid their Own Fiscal Cliff Looming in the Future?

The amount of Americans in debt seems to be increasing every year and that to me is a huge issue. We need to focus on spreading financial literacy," says 19-year-old Danny Singh. But this self-taught financial guru is making it his goal to prevent an emerging student loans crisis in America by educating students on how to best manage their finances. And he should know. Singh has refinanced a house and a car at age 14, paid the family bills on time each month for eight years and achieved a pristine credit score for his mother – all before he turned 19. He also raises concerns that the student loans crisis will cause a recession in America which could possibly be worse than the housing crisis, because unlike home loans, student loans are not dischargeable in bankruptcy and have exceeded 1 trillion dollars. Singh is now providing expert advice in his finance book, Finance 101: The Whiz Kid's Perfect Credit Guide. He is also running his own independent and non-profit credit advisory agency called “Students’ Finance Success” from his home in East Orlando, helping families save homes from foreclosure, save cars from repossession, and helping them fix their credit reports. Singh’s own story started when he took over his mother’s finances, at just 11 years old. “My mother began working more than 60 hours a week, and she was working long hours too. She was overwhelmed by our financial situation and turned to me for help,” said Singh