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Myths about paying down your student loan fast

Right now there are several myths about paying down your student loan fast. Recently an article was published about a young graduate from Harvard Business School, Joe Mihalic, who payed off his $90,000 in student loan debt in the relatively short time of 7 months. Of course, many people were immediately interested to hear how he did it: After all, we've got more than 37 million people in the United States who are currently buried under an average undergraduate student loan debt of $25,000, and for those who are struggling with graduate school debt that number jumps up to more than $40,000. Not exactly the ideal situation when one is just beginning a new life, when one is just starting to earn money. […]

By |November 1st, 2012|Pay Off Student Loans|0 Comments

How To Pay Off Student Loans Fast!

Basically any college student or recent college graduate in the United States will be able to tell you one thing: Post-secondary education is expensive. The average graduate in the United States has about $19,000 in debt. Paying student loans off quickly will help you to pay less in interest and get rid of the debt burden. Paying off student loans will also help raise your credit score, which will help if you need financing for another big purchase, such as a car or a house, or getting additional loans to continue on with your education. Some cell phone companies even run a credit check before offering you a cell phone contract, so having a good credit score comes in handy for many things. […]

By |September 8th, 2012|Pay Off Student Loans|1 Comment