Congratulations on making it out of high school and on to post-secondary education. While not every profession requires it, it's exciting, rewarding, and can open up a lot of possibilities. Post-secondary education seeks to engross you more in the field you want to study. You gain specialized skills, and in some academics tracks, get to put in into practice. Hopefully, you have filled out admissions applications and got into your top choice. Now it's time to get some funding and complete a master Read more [...]
As a student landing your first job, it's thrilling to know you made it. But you still need to pay off that student loan that brought you this far. Sure, it's going to delay your life decisions like marriage and buying a house, but first things first. Get that loan off your back and then get on with your life.
These few strategies will help you be free of your student loan:
Start repaying while at school
Usually, students wait to get their first job before they can begin to repay their Read more [...]
As a parent, you want to help your kids out, especially when they are starting college. After all, you want them to get their education, and cosigning for a student loan may seem like a great way to support them.
Generally, if you have good credit, choosing to cosign on a student loan can give your kids access to better interest rates. But, there are risks when you become a cosigner too, so you shouldn’t automatically jump in.
Since most American students end up going to college with Read more [...]
Let’s face facts; college is expensive. No parent wants to see their child saddled with thousands upon thousands of dollars in debt, or sacrificing decades of financial well-being to repay it. Student loans are a serious burden; one that I’m sure you’d do anything to help them avoid.
Since many parents of college-aged children have been contributing to a 401(k) for many years, it can be tempting to use some of those funds to help pay for their child’s education. If you are considering using Read more [...]
Student Loan Hero is sponsoring this post. They asked me to check out their site and provide an honest review for my readers. What I found was a useful tool for student loan borrowers — particularly new graduates. My biggest financial mistake was not to take out student loans, but to ignore them for too long. With $200,000 in student loans, I thought that paying them off forever was a foregone conclusion. Then I read Dave Ramsey’s Total Money Makeover and met the frugal folks over on Mr. Read more […]