It's sad to know that in order for you to earn a bachelor or associate degree, you have to incur debt. It's like this debt thingy is inevitable. Most average college students, except for those who are scholars and who are from wealthy family, has to borrow money at one point in their college lives. Today's college students must be hustler. It's bad enough that more and more jobs are losing. When the time they graduate, would there be jobs available for them?
College grads now carry nearly $20,000 in student-loan debt on average, so you are not alone. To lighten your load, consider consolidating. Transfer all your variable-interest loans into a fixed-rate one (do it now-rates are around 5.3%). Plus, Sallie Mae will shave off one percent off your consolidation loan after you make on-time payments for three years. Also make sure you to get your tax break; if you make less than $65,000 a year, you may be able to deduct some of your student-loan interest from your income tax. That can mean hundreds of dollars back in your pocket.
College grads now carry nearly $20,000 in student-loan debt on average, so you are not alone. To lighten your load, consider consolidating. Transfer all your variable-interest loans into a fixed-rate one (do it now-rates are around 5.3%). Plus, Sallie Mae will shave off one percent off your consolidation loan after you make on-time payments for three years. Also make sure you to get your tax break; if you make less than $65,000 a year, you may be able to deduct some of your student-loan interest from your income tax. That can mean hundreds of dollars back in your pocket.
