Learn about the alternatives to debt, and what to watch for should you take on student debt.
- It's a sad reality for many young people…that education comes with a price tag.…And if you're in the majority of people…who need to fund your education through student loans,…here's a few things that you can do to stay on track.…First, know your terms.…Those papers you earnestly signed at 18…have very important details in them.…To get a clear picture I recommend the following.…Start a spreadsheet so you can see yourself…what your pay down schedule looks like…on a month by month basis,…with interest and principle payments…and the outstanding amount.…
Understanding how much of the principle loan amount…you're paying down can be very motivating…to accelerate your payments.…Call your loan provider and make sure…you're 100% clear on payment terms,…interest rates, and penalties.…If you have multiple loans,…make separate columns for each.…If you can pause your payments…with low or no cost,…make sure you understand the process to pause.…This exercise helps to make your debt very real…and shows the path to how to manage it.…
Skill Level Intermediate
Financial Wellness for Couples and Familieswith Amanda Clayman1h 7m Intermediate
Personal Finance Tips and Trickswith Jane Barratt2h 58m Intermediate
New This Week
Your Money Management
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