How Can You Pay Off Your Student Loan Quickly?

As a student landing your first job, it's thrilling to know you made it. But you still need to pay off that student loan that brought you this far. Sure, it's going to delay your life decisions like marriage and buying a house, but first things first. Get that loan off your back and then get on with your life.These few strategies will help you be free of your student loan:Start repaying while at schoolUsually, students wait to get their first job before they can begin to repay their Read more [...]

Should You Cosign for a Student Loan?

As a parent, you want to help your kids out, especially when they are starting college. After all, you want them to get their education, and cosigning for a student loan may seem like a great way to support them.Generally, if you have good credit, choosing to cosign on a student loan can give your kids access to better interest rates. But, there are risks when you become a cosigner too, so you shouldn’t automatically jump in.To help you decide if you should cosign for that student loan, Read more [...]

Can I Use My 401(k) to Pay for My Child’s Education?

Let’s face facts; college is expensive. No parent wants to see their child saddled with thousands upon thousands of dollars in debt, or sacrificing decades of financial well-being to repay it. Student loans are a serious burden; one that I’m sure you’d do anything to help them avoid.Since many parents of college-aged children have been contributing to a 401(k) for many years, it can be tempting to use some of those funds to help pay for their child’s education. If you are considering using Read more [...]
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New Grads with Student Loans: You Can’t Afford to Make This Mistake

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Student Loan Hero is sponsoring this post. They asked me to check out their site and provide an honest review for my readers. What I found was a useful tool for student loan borrowers — particularly new graduates. My biggest financial mistake was not to take out student loans, but to ignore them for too long. With $200,000 in student loans, I thought that paying them off forever was a foregone conclusion. Then I read Dave Ramsey’s Total Money Makeover and met the frugal folks over on Mr. Read more […]