College Seniors – Start Your Student Loan Payoff Plan NOW

College Seniors – Start Your Student Loan Payoff Plan NOW

Debt, Goals / Taking Action, Miscellaneous, Money in Your 20s/30s/40s/50s/Retirement, Take Action
The first day of your last year as an undergrad is a satisfying day, because it puts you that much closer to the finish line of your bachelors. Unfortunately, it also puts you that much closer to the student debt you’ve spent the last three years trying to ignore. In my experience, student loans are the biggest underlying stressor of college, but ultimately being uniformed about your debt profile does you no favors. However, it’s not too late to study that beast and prepare for battle. Here are some tips to pay off that student loan:1. Inform Yourself! Before you graduate, you will be required to do exit-counseling for your loans. Because of the timing, it’s easy to push the exit counseling to the last minute, rush through it, and…
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Ways to Pay for College

Ways to Pay for College

Debt, Saving & Investing
There is no question that college costs have become an outrage. College costs increase at an average of 5% per year. This has resulted in a 4-year degree from a private institution averaging $134,600 and a 4-year degree from a public institution running $39,400. These costs only cover tuition and fees. Add in thousands for living costs each semester, and the average college education is reaching the point where years of loan payback are to be expected in pursuing any degree. Even though we have no reason to expect a European, free college model any time soon, there are some clever ways to fund college.One unconventional approach is by working for Starbucks. This is not merely a recommendation to work while going to college, Starbucks has a joint venture with Arizona…
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