Paying Off Student Loans

Hello, I’m Cherry Ashwood. I’m a guidance counselor and today I’m going to tell you how to pay off your student loans. One of the best ways to pay off your student loans of course is financial windfall, win the lottery or some distant relative passes away and you gain a huge inheritance. If you haven’t been lucky enough to have any of these situations befall your life there are still several ways for you to pay off your student loan.

The first suggestion I would give you is to not stress out about it. Student loan is not bad debt as long as you’re making timely payments. If you have found a good consolidation company, you should have nice low interest rate. And you’re not supposed to beat your self up or try to pay low interest rate debt first.

I would suggest that you make timely payments and whenever possible make extra payments toward the principal and you will start to see your student loans chip away. Certain things like military time or teaching in critical shortage areas may offer you a discharge of your student loans or student loans forgiveness. Either way, always make those timely payments to avoid wage garnishment and just do the best you can when you can. I’m Cherry Ashwood. I’m a guidance counselor. And your future starts today.