Financial Tip of the Day:
To achieve maximum earning potential today many of us come to realize that it’s necessary to get our degrees. After many years of successfully being in the workforce, I too came to this same conclusion several years ago. Along with the pursuit of a degree also comes the need to take out student loans (for so many of us). The undeniable jubilance of finally completing a degree is followed by a hefty repayment bill about 6 months later. And depending upon how much was borrowed, this debt can feel like a ton of weight on our shoulders. I’ve witnessed the tremendous stress and strain that clients experience regarding repayment. But no matter how stressful it feels, the one thing NOT to do is to bury your head in the sand. There are many options available. If your loan paperwork looks like a foreign language, get some help to understand it. This piece also offers some useful tips on how to manage student loans: 6 Unconventional Ways to Manage and Repay Student Loans.