Steps To Pay Off Your Student Loan Debt

This is from an article written by an ehow member are taking necessary steps towards paying off college debt. If your like me then those bill collectors can get very aggravating and aggressive. And if your of the 7.1 million people who loss jobs last year, paying off your debt just got a lot harder. Check out this article and leave your thoughts on it and make sure to visit the link as well. More to come from HPOCD.


Original article derived from Ehow.com at:
http://www.ehow.com/how_4697613_pay-off-student-loan-debt.html?ref=fuel&utm_source=yahoo&utm_medium=ssp&utm_campaign=yssp_art

How to Pay off College Debt

Getting into debt when you are a college student is no fun but in many cases can be the only way for you to fulfill your dreams of getting a degree. There are some ways that you can get out of debt if you apply your self and get motivated to be debt free.

Step1

First you need to look at the student debt that you have accumulated and see what the rate of interest is on that debt. You may want to shop around to see if you can get a better rate because it can save you a lot of money by reducing your high interest rate over the life of the loan.

Step2

Next you need to take a look at your monthly expenses and see if there are any areas where you can save money so you can apply it to your loans. Maybe those trips to the coffee store can be reduced or at least you can get regular coffee instead of the expensive latte's

Step3

Another great way to get extra money is to get a higher paying job or a side job so that you can get your debt paid off. There is nothing worse than having this school debt hanging over your head. If you get pro active you can get it paid off quicker than you thought.