Student Loans : Paying Off Student Loans

Student Loans : Paying Off Student Loans


Hello, I’m Cheri Ashwood. I’m a Guidance Counselor
and today I’m going to tell you how to payoff your student loans. One of the best ways to
payoff your student loans of course is financial wind fall. You win the lottery or some distant
relative passes away and you gain a huge inheritance. If you haven’t been lucky enough to have any
of these situations befall your life, there are still several ways for you to payoff your
student loans. The first suggestion I would give you is to not stress out about it. Student
loan is not bad debt as long as you’re making timely payments. If you have found a good
consolidation company, you should have a nice, low interest rate. And you’re not supposed
to beat yourself up or try to pay low interest rate debts first. I will suggest that you
make timely payments and whenever possible, make extra payments toward the principal and
you will start to see your student loans chip away. Certain things like military time or
teaching in critical shortage areas, may offer you a discharge of your student loans or student
loan forgiveness. But either way, always make those timely payments to avoid wage garnishment
and just do the best you can when you can. I’m Cheri Ashwood, I’m a Guidance Counselor
and your future starts today.

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