Financial Tip of the Day
Student loans are a BIG issue for many of us (including yours truly) and can feel like a big boulder that we’re forever dragging around. Am I right? Don’t get me wrong. I’m the first to acknowledge that we’ve acquired an infinitely invaluable education as a result of these student loans. However, it doesn’t take much to improperly manage these loans. This can happen because we’re too scared to look at the amount we owe. Or we already KNOW that we’ve fallen behind with repayment. And this can wreak havoc on our finances.
To make sure that these loans impact our futures in only POSITIVE ways, proper repayment is critical. Whether private or federal, don’t neglect to pay your loans. That would be one of the worst financial mistakes that you could make. But even if you HAVE fallen behind, it’s still not too late to get back on track. This excellent piece explains how to successfully manage your loans and the resources you need to use in each situation: How to Manage Student Loan Debt.
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