Still, student loans are debt. This debt limits your options for putting your money to better uses, whethersaving for a homeorinvesting for your future. The faster you can pay off your loans, the faster you can have full control over your money. To help you get out of debt more quickly...
That’s especially true if you took out a variable-interest rate loan while you were in school, says Dan Rooker, a financial planner who specializes in student debt. By the time borrowers feel financially stable and ready to focus on their student debt, those loan rates have often doubled ...
Dear Debt(which later became a book). More than anything, she used the blog as a "public accountability tool" to pay off her debt and in it, she talked about the various ways she was paying off her student loans. From there, she started freelance writing on the side....
How to pay off your student debt If you work on paying off your student loans as soon as you're out of school, you can get them out of the way much more quickly than you'd expect. Find out how to tackle that debt the right way. By Caroline CakebreadUpdated February 7, 2013 Getty...
The student loan relationship, on the other hand, is a bit more cut and dry. They want their money, not my good wishes. True, I am grateful that my loan provider helped me pay for school, but I’m not going to show my thanks by paying interest or holding onto my debt for any lo...
Implementing wise money management methods to help pay off your student loans efficiently will benefit anyone greatly in the long run! Developing an action plan to combat your loans will free you from the long term financial stress of paying off loads of debt. Don't let your loans overwhelm ...
Student loan debt isnotfun to have. While it may have been necessary to pay for school, now that you’re graduated, it’s time to think about ways to pay off your student loans faster. If you’re looking atyour repayment plan options- even the shortest term is usually around 10 years...
Paying off student loans isn’t fun, especially when you consider how much interest you are paying over the term of your loan. But what if there was a way to pay off your student loans faster and become debt-free earlier in life? Below, you’ll learn about the smartest and best ways...
Is there a better way to pay off student loans? Use our student debt dashboard to evaluate repayment options. Learn moreMore to explore How I paid off $130,000 in student loan debt What I wish I had known before taking it on. Get help reaching your money goals A plan to ...
For the most part, how long it takes to pay off student loan debt depends on the type of loans you have and the repayment plan you choose. Other factors like the loan amount and interest rate can also play a role in your timeline for getting out of debt. While federal student loans ...