Difference between revisions of "Pay Off Student Loans"
m (Text replacement - "[[Category:B" to "[[Category: B") |
m (Text replacement - "== Video ==" to "") |
||
| (5 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
| − | + | If you have finished school with [[Lower Student Loan Payments|student loans]], you need to pay them off. With the rising cost of education, you may owe a formidable amount of money. It is crucial to develop a plan for repaying your debt as efficiently as possible so that it does not haunt you for decades. | |
| − | [[Category: Budgeting and Financial Aid for College]] | + | [[Category:Budgeting and Financial Aid for College]] |
== Steps == | == Steps == | ||
=== Understanding Your Debt === | === Understanding Your Debt === | ||
| Line 71: | Line 71: | ||
#Avoid taking on additional debt until you pay down your student loans. If at all possible, avoid getting a car loan, a mortgage, or any other type of loan until you have made significant progress on your student loan debt. Though it might feel like a burden to postpone buying a new car or become a homeowner, this approach will absolutely pay off in the long run. | #Avoid taking on additional debt until you pay down your student loans. If at all possible, avoid getting a car loan, a mortgage, or any other type of loan until you have made significant progress on your student loan debt. Though it might feel like a burden to postpone buying a new car or become a homeowner, this approach will absolutely pay off in the long run. | ||
| − | + | ||
| − | + | ||
== Tips == | == Tips == | ||
