Now that those student loans are a reality it’s time to get the paid off as quickly as possible. There are some things you can do to help eliminate those loans. Work with your lenders, see if you qualify for loan forgiveness, and take advantage of every program out there to help relieve this burden.
Should you take a loan to get additional schooling? It’s a tough decision. First things first you need to figure out if the extra degree is worth it? Will it provide enough additional income to cover the costs of school, extra interest on your existing school loans, and the lost income while you are in school. If you decide it is worth it, then you need to decide if you should borrow more money to make it happen.
Student loan consolidation is one opportunity I failed to take advantage of when I should have. Though student loan debt is typically considered “good debt” (because it shows an investment in your future) and interest rates are lower than other loan categories, rates can still go up over time, and student loans can be a […]