Category "Student Loans"

Beating Student Loans – How I Am Paying Off $22,371 in Student Debt

Tips for paying off $22k in Student Loans

This post was written by Drew Cloud, founder of The Student Loan Report. Take it away, Drew!

It feels good to beat student loan debt.

It can take some hard work, but it is well worth it to be able to use your income for life’s milestones, such as buying a car or a house. On top of this, many borrowers are completely blindsided by the interest they are required to pay on their loans.

For many, student loan debt hanging over their heads means that they can’t achieve these major steps in their lives. Despite this, there is a way out. I am beating my $22,371 in student debt so I can pursue very important financial goals sooner rather than later. Continue Reading

Paying Off Loans with My Savings Account? [Reader Question]

should i pay off debt or save money

Since starting this blog, I’ve gotten lots of questions from friends and family about their current financial situations.

I get great questions regarding something they’re thinking about doing, whether or not they should consolidate, etc.

I love being able to help people decide what their best options are, but sometimes, their questions frighten me at first.

Recently, I received a text from a friend that said:

“I either just did something great, or really stupid with one of my student loans.”

My mind started racing – did she consolidate with a shady company, or pay it off with a credit card balance transfer?

Continue Reading

“How I Paid Off My $90,000 MBA in 2 Years…and 6 Days”

mba paid off in 2 years

This post was written by my friend Eric Rosenberg, a full-time freelancer and blogger at Personal Profitability. He’s going to show you how to pay off 90,000 in student loans and how to pay for your MBA. Eric writes about personal finance and entrepreneurship at InvestmentZen, his own blog, and other sites around the web. 

College is expensive. Looking at the headlines, you can read about millions of people struggling with the cost of college and student debt. When I signed up for the MBA program, I had a bit of sticker shock myself. The $90,000 price tag was steep, but I knew that if I went into it with a plan, I could get a great education, increase my income, and get out of debt faster than the ten years it takes many other borrowers. Continue Reading

Getting College at a Discount with Scholarships [+4 Resources You Can Use]

Discounts for collegeAs someone who graduated college with $72k in student loans, I wish I would have taken advantage of scholarships and grants. Andrew started a website called ScholarshipFly.com, that aggregates a lot of scholarships that are available to college students and has some other great ideas help save money for those going into college. Take it away, Andrew! Continue Reading