Over 40 million Americans have student loan debt, and the average balance people owe is hovering just below $30,000. With $1.2 trillion in outstanding student loans in the United States, it is important to understand how student loans work so you can get out of debt as quickly as possible.
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When Your Loan Transfers to A New Servicer
Sometimes people with student loans, mortgages, and auto loans get a letter in the mail that their loan has been transferred to a new lender. This can be a surprising letter to receive in the mail, but it happens for important reasons and should not be a major stress to you or your finances.
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PPP010: How to Pay off Student Loans
Podcast: Play in new window | Download (Duration: 10:27 — 9.6MB)
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This week an anonymous reader asked about how to best pay off her student loan debt. My response is useful for anyone looking to knock out debt quickly. If you have student loans, this is a must listen.
How to Manage Student Loan Payments when Self-Employed
One of my biggest trepidations with quitting my job, was the fact that I am still in debt. Giving up the consistency of a 9-5 with a regular paycheck seemed absolutely crazy. I gave up the regularity of 2 checks each month, for the wild world of self-employment.
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Your Student Loans Are Killing You
Most of us grew up believing that the path to a high paying career started with earning a college degree. But for many, earning a college degree comes at a stiff price. Instead of leading to a high paying career, the price of a college education has left many graduates with staggering amounts of debt.
5 Things You Need to Know Before Saying Yes to Student Loans
Student loans are sometimes a necessary evil. I would not have been able to attend college without them. Even so, they should be taken seriously, and you should know what you are getting into before signing on the dotted line. It’s easy to jump onboard and sign on because they are the “good debt” that will hopefully enhance your career and set you up for professional success (yet, that is not always the case either).
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