This video goes over how I got out of my student loan debt. It started when I first saw my interest rate (7%) and thought, “I’ll never pay off that much!” However I realized that things were really no different than the size of my last loan except instead of paying $15,000 dollars at 12% interest, I would be paying $30,000 at 7%.
It’s true! Paying just half of what my minimum payment was going towards the principle and then expecting to start paying less than that? Nope! And its not like I have a job that pays well. No I’m still finding myself making lower and lower amounts of money than I did before.
I tried to talk to my bank about lowering my payments and even after doing that they raised them to nearly double.
So I stopped talking to them. HA!
Now today I make enough money where I can actually afford those minimum payments but their way of getting me back into the system is not only illegal but something that shouldn’t even be allowed.
If you’re a college graduate and you’re in any amount of debt don’t go get a student loan. Ignore the fact that your parents might have been willing to let you take that out. You need to know for yourself whether you can handle having that kind of debt. And if you can’t then don’t do it!
Please help by sharing this video with anyone else who may find it helpful.
Help Student Loans
Helping Students Pay For Their Education
If you have student loans, then you know how difficult it is to make payments each month. These types of loans are a burden on your finances, especially if you are graduating soon and need to pay off your loan debt before you even start working. Fortunately, there are many options available for people who want to help students pay back their loans faster. One option that may be right for you is taking out a personal loan. A personal loan works similarly to any other type of loan, except that you borrow money directly from a bank instead of a lender. You then pay interest on the amount you borrowed, just like you would with any other type of loan. However, a personal loan can offer some advantages over other types of loans. Here are three ways you could use a personal loan to help students pay for school:
Pay Off Your Student Loan Debt Faster Using a Personal Loan
When you take out a personal loan, you can choose how much you want to borrow and what terms you prefer. When you borrow from a bank, you might find yourself paying the same amount every single month regardless of whether you actually earned those dollars. Banks are not concerned about your credit score, so they can charge higher rates than lenders who do care about your credit history. If you use a personal loan, however, you can borrow an exact sum of money at a low rate. Because banks don’t care about your credit rating, you won’t rack up high-interest fees. In fact, you can often get a lower rate with a personal loan than you would with a payday loan.
Use a Personal Loan to Repay Other Types of Debt
While there are certainly cases where you should apply for a personal loan to pay off your student loans, there are plenty of situations where you may benefit from using a personal loan for something else. For example, you might decide to use a personal loan to pay down other debts. Instead of borrowing $10,000 to pay off your credit card bills, you can borrow $10,000 and use that money to pay off another $15,000 in credit card bills. While paying off your credit cards might seem easier, using a personal loan to repay your debt will save you hundreds of dollars in interest payments.
Take Advantage Of Specialized Programs
A personal loan is great for helping students pay for education, but it isn’t always the best way to manage your finances. There are times when you might be able to reduce the size of your monthly payments while still being able to afford to pay for college. Many schools offer financial assistance programs specifically designed to help cover the costs of tuition. By enrolling in these programs, you can potentially receive additional funding toward your education expenses. Some schools even provide scholarships based on academic performance. You can learn more about these programs by visiting the website for your school or checking out the Federal Financial Aid website.
How To Make Money At Home Online
It’s no secret that making money online is becoming increasingly popular. If you’re looking for ways to set up a side hustle that makes money fast, then look no further! We’ve got 10 ideas that you can start today to make decent cash from home. As long as you have a computer, you can earn extra income.
Affiliate Marketing
Affiliate marketing is one of the easiest ways to make money online. All you need is a website, audience, and content. And yes, that sounds simple, but the truth is that affiliate marketing can be complicated. Most beginners try to sell products they don’t understand, leading them to frustration and failure. To succeed, you need to identify your target demographic and speak to them directly. Who knows? Maybe they’ll even buy what you’re selling.
Rent Out Items On Amazon FBA
Amazon is now a household name. No matter what you’re buying, chances are there’s an Amazon page for it. What’s less obvious is that you can rent items on Amazon. I mean, sure, you can order things and have them shipped to you – but you can also sell things on Amazon. So if you already have items sitting around your house that you don’t want anymore, you can list them on Amazon and make money. Sellers can list items on Amazon without paying anything upfront. Once listed, customers purchase the item via the link provided and the seller is paid upon completion of the transaction.
Help Student Loans
Student loans aren’t bad until they become burdensome. Student loan debt is now at $1.2 trillion—and that number doesn’t include private student loans. If you’re burdened with student loan debt, what should you do? One option is to refinance. But refinancing student loans may not be the best decision for everyone. Here’s how to make sure you get the best rates.
The average college graduate owes around $37,500, and many students don’t know whether they can afford to pay back their loans if they take out multiple types of federal loans. According to personal finance site WalletHub, here are the 10 states where you have the least amount of student loan debt.
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What if you could get free college tuition? Would you go back to school? If not, what might be some alternatives?
How To Get An Education For Free – (free) http:/ / www.youtube.com/watch?vGULiuu9Uqyc
UB Grant – (free) http: //www.fafsa.gov/NonFederalBenefits.aspx
Find Out About Financial Aid Programs – (free) http:\ /\/studentaid.collegeboard.com
College Loan Debt – (free) http \ /\/studentaid.ed.gov/index.asp
National Merit Scholarship Program – http \ /\/www.nmsp.org
Tulane University Scholarships And FinancialAid |
Help Student Loans
You could use this to help students pay off their loans faster! I know someone who paid off her entire student loan last year using this method.
If you have $100 you could give out $10 at a time until you’ve got your whole amount back!
You could donate any amount to a charity and get reimbursed later!
You could go to a local school and ask if they would like some money for supplies or something else!
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Related Links ▼
- Studentaid.gov/understand-aid/types/loans
- Salliemae.com/student-loans/
- Discover.com/student-loans/
- Nerdwallet.com/best/loans/student-loans/private-student-loans
- Money.usnews.com/loans/personal-loans/personal-loans-for-students
- Credible.com/blog/student-loans/personal-loans-for-students/
- Govloans.gov/categories/education-loans/
- Forbes.com/advisor/student-loans/best-private-student-loans/
- Navyfederal.org/loans-cards/student-loans.html
- Wellsfargo.com/goals-going-to-college/loan-options/
- Whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/
- Ed.gov/category/keyword/federal-student-loans
- Myfedloan.org/
- Navient.com/
- Usa.gov/student-loans