Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Repaying Student Loans and other Student Loan topics.
After years and years of college the student loans are piling up! You want to get out of debt and quick. Follow these tips and you will be well on your way to paying off student loans. The faster you get your student loans paid off the less you have to worry about student loan interest rates.
One of the fastest ways for paying off student loans is to try and qualify for loan forgiveness. Depending on your degree you might qualify for the loan forgiveness program. A lot of teachers can qualify for this program as well as individuals that work for government agencies. Checking with your employer or school counselor about this is a good start in getting that debt paid down.
If you have determined you do not qualify for loan forgiveness try and consolidate your student loans. Not only will this help you lower your student loan interest rates but you will be paying off student loans in a shorter amount of time. Most people have loans with multiple lenders. Getting all of your student loans under one lender will not only simplify your life but will help you get the loans paid down quickly.
Making extra payments is a sure way to get your loans paid down. Send in a few extra dollars every month! Every bit helps.
|Jennifer Mathes, Ph.D.|