Just finished graduate school and am facing the challenge of finding a job and paying off $37,000 in student loans (hopefully within 5-10 years.) Any advice? Thanks!!
2007-01-17 11:23:36 · 6 answers · asked by emijea4 2 in Business & Finance ➔ Personal Finance
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Thanks
Juanita
2007-01-17 11:34:35 · answer #1 · answered by Juanita F 1 · 0⤊ 0⤋
just like paying off a mortgage..pay a little extra each month.
One important thing...typically interest rates on Student Loans are much lower than what the markets are earning so you should NOT sacrifice your retirement contributions. Pay the minimum on the loan, fund your retirement, and THEN if there's extra??? pay down on the loan.
2007-01-17 11:38:04 · answer #2 · answered by digdowndeepnseattle 6 · 0⤊ 0⤋
Definitely pay the minimum and any extra if you can. It will definitely depend on how much your salary is once you get a job. I cut back on extras and used the extra money to make larger payments on my student loans and paid them off early. But remember to pay yourself first and don't skip on other bills. Good luck.
2007-01-17 11:42:32 · answer #3 · answered by Alaska Angela 2 · 0⤊ 0⤋
Pay it small amounts at a time. If you have $10, put it on the loan. You could always ask Oprah Winfrey for a gift.
2007-01-17 13:21:08 · answer #4 · answered by happydawg 6 · 0⤊ 0⤋
hopefully you can get a good paying job and start to try and pay these off, that is a big debt, no easy way to get rid of it, it may take years to wipe it out
2007-01-17 13:18:57 · answer #5 · answered by besthusbandever 4 · 0⤊ 0⤋
Look for jobs that help you pay these off?
2007-01-17 11:33:50 · answer #6 · answered by Anonymous · 0⤊ 0⤋