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Posted November 22, 2013 by

4 Options for Relief From Your Staggering Student Loan Debt

Young female college student lifting a student loan sign

Young female college student lifting a student loan sign. Photo courtesy of Shutterstock.

If you’re saddled with overwhelmingly high student loan debt, you aren’t alone. The Consumer Financial Protection Bureau reports that some of the most common complaints it receives deal with the difficulties of making payments on loan balances. Below are four smart strategies to help you get out from under the weight of your student loans.

Pay Off Variable-Rate Private Loans First

A private loan may have come with a low interest rate when it was first signed, but unlike federal loans, they can climb by several interest points over the years. Private loans also offer fewer payment options to borrowers. If you have a private variable-rate loan, pay it off first and as quickly as possible. As the economy shifts, the interest on these loans can spike suddenly, whereas the rates on fixed federal loans cannot. (more…)

Posted July 11, 2013 by

Landed an Entry Level Job, but Dealing with Federal Student Loan Debt? Tips to Handle the Burden

Are you stressing out about how to pay back all of those federal student loans?  If so, relax and look on the bright side, at least you have landed an entry level job to begin paying off this debt.  The following post has tips to help college graduates deal with their federal student loans.

Each year, millions of students walk out of the classroom, get a job and realize there’s no earthly way they can make their student loan payments and cover the rent. A quick call to the student loan servicer results in a forbearance. But forbearance means your balance will keep going up while you get a breather. Once that ends

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Tips for Minimizing the Pain of Federal Student Loans