Preventing Student Loan Default

Preventing Student Loan Default<!--DONTREWRITE-->
What can you do to stay out of student loan default? Basically, the same themes I’ve been pounding home for four chapters now apply here as well—themes such as establishing a conservative budget and living within that budget. Also, getting rid of luxury items in your budget like an expensive car or a $5,500 living ...

CALCULATING YOUR STUDENT LOAN DEBT

CALCULATING YOUR STUDENT LOAN DEBT<!--DONTREWRITE-->
Realize that harp on the “interest rate thing,” but its importance cannot be underestimated. Simply put, interest rates are a bear financially. The more debt you accumulate, the more interest payments you pay. Remember, the very definition of interest rate is that it’s the price you pay for borrowing someone else’s money. It’s the lender’s ...