Best tricks and tips to pay off your student loans
- JGibbs
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JacksonM wrote:
I thought they only gave you enough to get by. I'll admit it's been a long time since I was in school and I didn't borrow for undergrad. But, I thought the loan only covered the absolute necessities and could't really be mismanaged that much since most went straight to the school. I think school kids realize they're going to be in debt, but I also think that they're lead to believe that holding a college degree means they'll get a great job with a great salary. So of course they'll be able to pay the money back in no time at all.FrankN wrote: When I was offered a loan, I only took what I needed to cover the year, including books.
- Wanderer
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- JacksonM
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FrankN wrote:
JGibbs wrote:
I'm not sure the students have much choice unless their parents goosed their college savings. But, I do think it's important to push students towards majoring in something that will get them hired in the future.FrankN wrote: I agree and I think this generation needs to learn more about what debt is, and understanding how much they should really be taking out in loans.
Totally agree and I am not saying they deserve to be in that position. BUT they need to know what they are getting themselves into and need to understand the debt they are potentially taking on.
When you get out of high school, you're just a kid and someone is offering to hand you what seems like free money. I know a lot of people who took larger loans to cover life while in college. When I was offered a loan, I only took what I needed to cover the year, including books. I sent back quite a bit of money, and my loans were paid off within a few years, while some of my buds are still griping about how much they owe.
- FrankN
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JGibbs wrote:
I'm not sure the students have much choice unless their parents goosed their college savings. But, I do think it's important to push students towards majoring in something that will get them hired in the future.FrankN wrote: I agree and I think this generation needs to learn more about what debt is, and understanding how much they should really be taking out in loans.
Totally agree and I am not saying they deserve to be in that position. BUT they need to know what they are getting themselves into and need to understand the debt they are potentially taking on.
- JGibbs
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Replied by JGibbs on topic Best tricks and tips to pay off your student loans
I'm not sure the students have much choice unless their parents goosed their college savings. But, I do think it's important to push students towards majoring in something that will get them hired in the future.FrankN wrote: I agree and I think this generation needs to learn more about what debt is, and understanding how much they should really be taking out in loans.
- Joker
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- FrankN
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- patse
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- Medi
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Replied by Medi on topic Best tricks and tips to pay off your student loans
I can't agree more. Even though this loan waits until we get a steady job, I don't like that sensation of being hunted. But then you can't help it, because you need the money. Perhaps the government can give financial support to the schools instead of making the students indebted.patse wrote: I have read that too. It works with your mortgage too. Some months have an extra week and that means one extra payment each year. I wish that the Government would offer more financial help to students in college.
- patse
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- Medi
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- FrankN
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- patse
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- Egghead
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- Sasha
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