Paying Off High Interest Student Loans

Kelly from Renton, WA

Feedback About This Post:

RE: Paying Off High Interest Student Loans

My kids made double payments to cut down on interest paid. If your former student can make two payments a month, it would not only take half as long to repay but cut interest in about half or more depending on how its compounded. If two payments per month arent possible, try one and a half payments per month. Even ten extra dollars per month paid on a loan adds up in the long run.

Go to the library and read books by Suzie Orman. Best of luck

Post By Carol in PA (Guest Post)

RE: Paying Off High Interest Student Loans

I know that there are certain ways that people can get at least part of their student loans forgiven. These are the resources I know of. Hope this helps.

Cancellation/Deferment Options for Teachers
http://studentaid.ed.gov/PORTALSWeb ... glish/teachercancel.jsp?tab=repaying

Teach for America
http://www.teachforamerica.org/frie ... fety_basics.htm#paying_student_loans

Peace Corps
http://www.peacecorps.gov/index.cfm?shell=learn.whyvol.finben

FinAid
http://www.finaid.org/loans/forgiveness.phtml

Federal Student Loan Forgiveness
http://www.staffordloan.com/repayment/federal-student-loan-forgiveness.php

Post By crazyliblady (Guest Post)

Disclaimer: ThriftyFun.com cannot accept any responsibility for any injury or damage that you may cause to yourself, others, or property when following any advice given on this site. Read the full disclaimer: http://www.thriftyfun.comdisclaimer.ldml If you find any information on ThriftyFun.com or in our newsletters that is either erroneous and/or potentially harmful to others, please Contact Us, immediately.