Difference between revisions of "Pay Off Student Loans"
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| − | + | 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 == | ||
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#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. | ||
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== Tips == | == Tips == | ||
