Tackling your student loans may seem like a mammoth task. Coupled with the feeling of shame many of us feel around our debt, it’s easy to feel hopeless. But that doesn’t mean nothing can be done! Here are a few strategies you can do to pay off your student loans. Go ahead, test out a few of these strategies, and pick one that works best for you. You can also modify these strategies to make a customized plan that you can stick to.
Read MoreYou’ve got to center your plan around your goals, your personality, your lifestyle, and your comfort level. Don’t ignore the emotions, but also, consult the numbers. Understand your options and be a continual learner.
Read MoreFor a long time, I didn’t know what kind of job or career I wanted. Like many millennials I was checking off the boxes, the “should” boxes, you know what they are…I realized I wanted out of this societal trap of shoulds. I realized that I was only checking off these boxes because I should and not because I wanted to.
Read MoreOne of the hot topics on this blog and among young professionals has been student loan debt. If you attended professional school, chances are you accrued some debt along the way. I was really excited meet our guest, Dr. Rania Habib via Instagram and learned that she repaid her six-figure student loan debt in a short amount time and is now financially independent. In this post she tells us how she did it.
Read MoreMost of us are facing reduced or slashed income due to the coronavirus. Keeping up with bills may become increasingly challenging especially for those of us with federal student loans, like healthcare professionals who have some of the highest student loan debt in the workforce. Recent legislation via the Coronavirus Aid, Relief and Economic Security Act (CARES) passed by the federal government is offering support and some relief for borrowers.
Read MoreThese are crucial questions that all borrowers should ask to avoid taking on too much debt and to stay afloat when loan servicers start sending the bill. This guide will help you understand the basics of student loan interest, how to find good rates, and the best methods for developing a repayment plan.
Read MoreConsolidation and refinancing can both be viable options when trying to simplify student loan repayment or lower monthly payments. Combining student loan balances under one roof, either through consolidation or refinancing, has the potential to lower a borrower’s interest rate (in the case of refinancing), extend the repayment term, or both, which can reduce the monthly payment to a more affordable level.
Read MoreAlmost all young dentists face confusing (and often conflicting) choices after graduation because of the significant amount of student loan debt they have from dental school. The average dental school graduate has more than $247,000 in student debt. That figure has risen nearly 40% since 2010.
Read MoreMany of us have student loan debt, and if you’re a dentist or physician your student loan amount may be pretty significant. Figuring out how exactly to go about tackling them can be quite daunting; from knowing the different repayment options and which is best for you, to knowing whether to consolidate or refinance or even making the decision to take your time paying or pay down aggressively.
Read MoreAs young professionals, many of us left or will be leaving school with student loan debt. As our grace periods wear off and we enter repayment a lot of us find ourselves scouring the internet or asking friends and colleagues how they are going about tackling their student loans. It can be daunting going through the options - some of us have loans from undergraduate school and/ or graduate school. Some of us may have taken out private student loans, federal loans or a combination. Either way, we need to know the options for repaying these loans.
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