Student loan debt is a topic near and dear to me.  My 4 years of college education has resulted in a mortgage-like-payment every month, probably for the rest of my life.  I didn’t qualify for much in “free money” when attending school because my parents made “too much” money according to the FAFSA we had to fill out.  (Where was the question that asked who would be paying for the education?  My parents didn’t have the money to contribute and therefore I financed my 4 year degree myself- doesn’t seem fair that I had to include their income does it?)

There are places that can help lower the amount you pay each month, and possibly lower the interest rate you’re paying on your student loans.  If you’re like me, you may have had to get a combination of federally-funded loans and privately-funded loans; so keep in mind that you are not able to combine federal loans with private loans- BUT you can still get the advantages if you set up 2 different consolidations- a Federal Loan Consolidation and a Private Loan Consolidation- so that you have 2 loans instead of several, smaller loans (each having their own interest rate!)

If you take the time to consolidate your student loans in order to save money, don’t go running up your student credit cards because you think you have more to spend each month!  This is a commonly  made mistake, and take it from someone who knows- you don’t want to experience this mistake in order to learn from it!

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