Tips for Paying Off Student Loans
Image via anne.oeldorfhirsch
In light of last week’s riots in the UK over college tuition, I decided to write a post on how to pay off student loans. I was fortunate enough to have had my college education paid for (and for the $100,000 that it cost it better be worth it), however I have many friends, that, due to high tuition costs and interest rates, are hundreds of thousands of dollars in debt…for a bachelors. Mix that with a not so great economy, and some of my friend’s already have the credit bureau knocking at their door. Granted this was for a private school education; but even still, students who attended public institutions are finding themselves in debt too.
Note that I will refrain from the controversial topic of how ridiculous the cost of higher education is. If you are interested in that subject you can read Measuring the Rise of College Tuition in the Last 33 Years. Or, you can watch some crazy videos from the riots in London. Instead, I will attempt to provide some helpful resources for paying off your student loans.
Broke Grad Student:25 Tips, Ideas, Resources, for Paying Back Student Loans – This is the blog of a post-graduate figuring out inventive ways to pay back $22,000 dollars of debt by making money online. The particular entry I have linked is a mothe rload of resources, blogs, and inspiration to help you kiss those loans goodbye. Definitely worth a read!
Mint.com Blog: Pay Off Student Loans – Mint.com is a free online resource for keeping your financials in order. I even use it myself as a tool for budgeting my money efficiently. They have great tracking features for paying off those loans (or debt of any kind), as well as useful information and resources. They also have a great blog that answers your financial questions, Mint Life.
Get Rich Slowly: A Rough Guide to Repaying Student Loans - What the heck is consolidation? How quickly should I pay back my loans? Give this blog entry a good read, and while you are at it check out the rest of the financial savvy website.
Student Loan Guru - Helpful articles for students and parents about student loans including consolidation, how to know your loan maximum, the difference between graduate and undergraduate loans, and how the recent healthcare bill will affect your loans.
The Project on Student Debt: 10 Student Loan Tips for Recent Graduates – Simple and practical advice for paying off those loans.
Keep a look out for a post on how to get out of credit card debt!
Edit:
Found another great article in The Washington Post dedicated to managing student loans.
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Tags: pay back student loans, pay off debt, save money, student loans
The real adventure starts after college. Grad Meets World is post grad life seen through the eyes of language instructor and freelance writer, Amanda Abella. This blog hopes to provide practical tips for career, relationships, personal development, productivity, health, and more in order to make your transition into the real world a little easier.
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I recently tackled the topic of debt over at TRPG. I feel like you and I have been thinking very much alike lately
http://www.therealpostgrad.com/2011/02/insufficient-funds.html