Although visualization is not technically a repayment strategy per se, doing so on a regular basis will provide you with the motivation to follow through on doing whatever you need to do in order to get your student loan(s) paid off faster. If you have a goal to look forward to, you w...
the money could be used as prepayment on your next bill. Likewise, you’ll want to put the extra money toward the loan with the highest interest rate to get the biggest savings. Most student loan servicers make this relatively easy to do on their online ...
You don’t even get confirmation that you’re done—you get a “paid in full” email within 7 to 10 business days. Congrats? Budgeting after paying off student loans I try not to think of what else all that money could have been used for, but I like to believe it all worked out....
The biggest reason for why I was able to pay off my student loans is because I earned as much money as I could outside of my day job. I mystery shopped and gotpaid to take surveys, but the biggest thing I did was Imade an income through my blog. I worked my butt off on my bl...
Low Balance:If you never had a very high student loan balance or if you have already paid most of your balance off, you can consider just finishing them off and being done with them. Going Debt-Free:For many people, being completely debt-free is a personal goal. If eliminating your stud...
hear. When I was paying off my student loans, not everyone understood why I was so committed. I was told countless times to just relax, or was told that debt “wasn’t that bad.” While this advice had good intentions, I knew I had to ignore it and keep on pushing towards my goal...
Once you’ve found your loans, know what you owe, you can start to formulate a plan to pay off your student loans faster. Lower Your Interest Rate If you’re getting aggressive on paying off your student loans, lowering your interest rate could save you a lot of money while you’re pa...
Paying off student loans as early as possible is a worthy goal. Not only will you get out from under the shadow of debt, but you’ll also save money on interest. Be sure to weigh the pros and cons of paying off your student loans early. For instance, if you have high-interest credi...
It’s difficult but not impossible to pay off student loans before graduation. And there are three good reasons for you to do so. Being in debt sucks so let me tell you how you can pay off student loans before you get your diploma. Any of you who regularly read the blog or listen ...
The student loan interest deduction is a tax break for college students or parents who took on debt to pay for their school. It allows you to deduct up to $2,500 in interest paid from your taxable income. Payments on federal student loans were paused from March 2020 until October 2023. ...