Braving Your Student Loan Payments: Tips to Pay Off Student Debt

But even if your loans are on hold now, you'll likely need to start making payments eventually. And Life Kit is here to help.

You can look up your loans there. Then think about what sort of repayment plan works best for you. There are four broad categories: standard, graduated, extended or income-driven repayment.Your loan-servicing company will divide up the total amount of money you owe over a 10-year period. If you pay that same amount for 10 years, you're done.Like the standard plan, this also lasts for 10 years — but you start out paying less, and payments get larger every two years.

If you're having trouble making payments or tight on cash, your loan servicer might suggest that you opt for forbearance, which puts your student loan payments temporarily on hold. But that doesn't necessarily mean that forbearance is the best option for you.

LifeKit If you work yourself half to death, get injured, and get a misdiagnosis, when you seek medical care, you too can get a disability exemption. Of course by then, your life will be ruined, and you will never be employable again.

LifeKit interest rates are killer. a decade later and still at above original amount loaned. private student loan debt is indentured servitude. at least with federal loans, there was relief in last stimulus plan.

LifeKit I just graduated with my associates of anesthesia technology. Absolutely terrified of my student debt.

LifeKit The type of student loans Biden won't do anything about. Cause he didn't in 8 years as a VP and 40 other in politics.

LifeKit Here's what you do: Demand elected officials to support tuition-free college.

LifeKit Paid mine off in a year by continuing to live like a broke college student after graduating and getting a $70k+/yr job. $500/mo 1-room apartment. Kept driving my 20 year old car. Didn't splurge on expensive gadgets like a lot of peers did. Just dumped it all into the debt.

LifeKit Try to get a dismissal of a loan by Public Service Loan Forgiveness program. Been wait for 3 yrs for any info on what my status is.

LifeKit None. I got Pell grants, back when we had a humane government.

LifeKit As long as the Democrat-Republican sham continues I'll never pay mine. Jubilee

LifeKit The kind that I repay.

LifeKit The women of Afghanistan requesting the entire world to stop financing Pakistan Army to elemenate terrorism. In fact the Pakistan Army further strengthen the terrorists producing factories in their headquarters and sending them to Afghanistan to kill innocent Afghans.

LifeKit l m f a o

LifeKit I had horrible loans, vowed my children would never have them, got a graduate degree, 529's, and well, end of student loan story. Worth my personal wealth sacrifice.

LifeKit Biggest scam anyone can fall prey to

LifeKit NONE! I paid mine off, didn't ask for a handout and only borrowed what I needed for school. Didn't spend it on materialistic sh!t like so many did.

LifeKit I don’t

LifeKit I know what I have--Parent Plus. 🤣

LifeKit We had to sell two houses to pay ours off and ours were small compared to our friends’ that have degrees in the medical field. They’ll never pay theirs off and they accept it.

LifeKit The best kind - paid off

LifeKit the kind that i procrastinate on paying and in the meantime vote for people who want to abolish loan debt

LifeKit I have too many student loans......the ones that I’ll never pay off in my lifetime. The ones that don’t go down when I pay them because the interest is higher than the amount I pay. My only sin was wanting to go to college without being rich.

LifeKit I've just got one more payment to make in early September and my student loans will be completely paid off.

LifeKit pay them off? Bahahahaha...Uncle Sam can kick fucking rocks. Under the RePaye plan that I am locked into they get basically nothing and when I move overseas and get to exclude my foreign income from tax return, they will get literally jack shit.

LifeKit Why bother paying them off? Even if the Dems lose this time, they’ll eventually win again and student loans will be cancelled.

LifeKit Bad ones

LifeKit ABOLISH ALL TUITION FEES

LifeKit yournextfour

LifeKit I just heard Sen Lankford on NPR talking about the USPS/DeJoy & I gotta say- in the bullsh1t dept., he's the tops!

LifeKit Tip 1: Pick up a pitchfork

LifeKit Very funny NPR.

LifeKit

LifeKit You cannot save money by spending it

LifeKit Tip 1 Don’t take out student loans

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