Temporarily reduce your private student loan payment. Use forbearance or deferment. Stop payments, on federal or private loans, for a set period of time. If you have stable finances but want a smaller student loan payment to free up extra mo...
One option is to open a savings account as a Plan B fund. Borrowers make the minimum student loan payments as they pursue forgiveness and any additional funds that they have available go into the Plan B account. Going this route allows borrowers to attack their debt aggressively, but also tr...
Student loan debt can be a major drag on your finances, but there are ways to pay less on your debt. From qualifying for interest rate discounts to preventing interest capitalization, here are nine steps you can take to save money and potentially pay your studen...
5 Ways To Manage Your Student Loan Debt And Still Pay RentJulie Halpert
Take of Control Student Debt in 5 Ways More iStockphoto All loans aren’t created equal. Determine what repayment options are available before you take out student loans. As student debt levels — along with delinquencies and defaults — continue to rise, borrowers need to ask: "What can I...
Paying more than the minimum required could help reduce the interest you pay over the life of the loan, and you’ll get out of debt faster because this equates to more payments each year. Review your budget to assess how much you can afford to pay each month, a number that may change...
Public Service Loan Forgivenesserases student loan debt for qualifying borrowers who work for qualified employers in the public sector. “So there’s a lot of different programs with federal student loans that you can look at for different ways to go,” says Frankenberger. ...
Here are a few ways to reduce the stress of paying for college: Choose a college wisely. Get financially educated and organized. Advocate for yourself. Find a community. Ask for help. Choose a College Wisely When it comes to mental health and financial aid resources, not all...
There are many ways to reduce debt - and save money - in the new year.Getty Images/iStockphoto If you're looking for a New Year's resolution this year, then consider one that will help you long-term: cutting debt. Doing so not only relieves obligations but also can free you up to...
ALSO READ4 Ways to Reduce Your Student Debt Burden Create a Budget and a Plan You should sit down and come up with a budget for yourself while you’re in school, and also determine how much you’ll pay toward student loans each month. ...