Below is an interesting question and answer session regarding private student loans. Read below for some great advice from Steve Rhodes, the Get Out of Debt Guy! Question: Dear Steve, So I have private loans and a few federal loans my month payment currently is for all my loans is about $1000. My employer has… Continue reading Can I Just Pay What I Can Afford on My Private Student Loans?
Tag: student loans
Student Debt Remains Part of Economic Instability
After four years of university study and several more for a second or third degree, students are left with tremendous debt and a big hole in their pockets. Despite attempts to stay within a budget, find secure employment and start a payback plan, graduates find themselves stuck in the mire of financial obligations and bank… Continue reading Student Debt Remains Part of Economic Instability
Turning Student Debt Into Good Credit
There are times when even the most well-meaning and responsible graduate just can’t make those loan repayments. When that is the case, Raghavan writes that the best approach is to defer the loans. Defaulting on the debt will do lasting harm to your credit score. “As a good rule of thumb, remember that it’s OK to defer, but not to default,” she writes.