4 Easy Tips To Help Reduce Your Student Debt – Smarter Finance Journal

4 Easy Tips To Help Reduce Your Student Debt

mainIf you’re like most students recently graduating from college, you know that very soon your student loans will start kicking in.

But there are ways to help reduce how much you owe each month so that it doesn’t completely drain your bank account. That means avoiding fees and extra interest costs, keeping your payments affordable, and protecting your credit rating.

We’ve gone ahead and put together the top 4 easy tips to help you reduce all of that debt you’ve accumulated, so take note.

1. Consolidate or eliminate high interest rate loans FIRST.


It’s not shock today that interest rates for student loans have shot up. Some may be as low as 3%, but others, such as private loans, can be as high as 8%. If some of your loans are in the higher range, look for a debt consolidation company to help bring those rates down. If the loan amount is smaller, you may want to consider paying it off completely so that you don’t just lose money over a long period of time.




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