{"id":267,"date":"2011-04-28T21:19:38","date_gmt":"2011-04-29T01:19:38","guid":{"rendered":"http:\/\/www.yoursash.com\/blog\/?p=267"},"modified":"2011-04-28T21:19:38","modified_gmt":"2011-04-29T01:19:38","slug":"paying-off-student-loans","status":"publish","type":"post","link":"https:\/\/www.yoursash.com\/blog\/college\/paying-off-student-loans\/","title":{"rendered":"Paying Off Student Loans"},"content":{"rendered":"

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Today’s post covers the ever so popular topic of student loans. With tuition increasing annually, student loans are becoming both more difficult to pay off as well as plan for financially.<\/p>\n

MSNBC has a great post<\/a> on different options on how to best repay student loans.<\/p>\n

The post covers differences between the standard loan repayment plan and the extended repayment option. Both of course, great options, but depending on your goals and financial status post-graduation, you may lean towards one more than the other.<\/p>\n

One thing that you may not have known is that if you’re extremely cash-strapped, there’s an option that allows for you to signup for income-based repayment plans.<\/p>\n

As the student loan debt reaches over $1 tillion for the first time ever, it feels like some universities are not doing everything they can to educate students on the dangers of defaulting on loans.<\/p>\n

Our 3 Tips:
\nMoving Home? Wherever you’re planning to move after college, whether it is back home or to a studio in the city, or to a new apartment with friends, plan early. Setup a contingency plan should something happen to your job. Will you have enough money to pay for rent for a few additional months? If you have a roommate, make sure to lean on each other to do the cooking and cleaning. Save money by grocery shopping together and reducing duplicate produce purchases.<\/p>\n

Know How Much You Owe – Do you know how much you owe or are you paying blindly? Setup some goals and start achieving them!<\/p>\n

Speak With An Accountant – Student loans do have some tax benefits. Speak with your accountant or a CPA to see how to best move forward with a solid repayment plan.<\/p>\n

Photo Credit<\/a>\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"

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