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Tip of the Month Nov 2021 "10 Ways to Pay Off Student Debt Faster"

Tip of the Month Nov 2021 "10 Ways to Pay Off Student Debt Faster"

Excerpt

10 Ways to Pay Off Student Debt Faster

This might seem like the most obvious thing to do, and yet, some alums don’t take full advantage of it. The psychology of this works well. When you decide to put your payment on auto-draft, you never miss it. You get used to living on a certain amount of money. Better still, there are lenders who offer refinancing at lower rates, ranging from 1.8 percent to 7.84 percent. But there’s more: Some lenders offer cash-back bonuses. With that said, the catch is you give up important benefits like income-driven repayment and student loan forgiveness. However, refinancing can help you save a bunch – like thousands of dollars...............

 

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