8 Ways to Pay Off Student Loans Debt

A recent study by the National Center for Education Statistics shows that 50% of recent high school graduate student loans, with an average student loan debt of $ 10,000. The average cost of college increases at twice the rate of inflation. With the rising cost of college is enough prospective students university scholarships and grants to pay for necessities difficult for school and basic. More and more students areforced to pay using credit cards for basic necessities such as books and school supplies. According to the United Marketing Service (UCMS), the average number of credit cards per student is 2.8.

Here are 8 ways to help pay off debt with student loans:

1. Develop a plan. Develop a plan to pay your student loan debt before you graduate.

2. Save your money. Each summer in your college education to get a job orInternship. Save half the money in a high interest savings account as http://www.emigrantdirect.com (5.05%) or http://www.ing.com (4.5%). After consulting a few months, a financial advisor to earn the highest possible return for your money. After college, you can save money, the 4 years to pay all your debts during college.

3. Be careful with the consolidation. Student loan consolidation combines your loans into one payment but may or may not deliverUsing a lower interest rate. Do extensive research before consolidating your student loans. In addition, you can not claim to various student loan forgiveness programs if you consolidate your student loans.

4. Exchange-operate to reduce debt. Perform volunteer work or employment for the following in exchange for reducing student loan debt classes at certain places low-income studentsAreas with a shortage of teachers, the legal and medical services in low-income areas or working for Americorps or the Peace Corps.

5. Get a work-study job. To help pay for the cost of college for a work permit study job on campus to help cover the cost of college. Go to your campus employee office to ask about their work-study. Work study jobs pay at least the minimum wage for that state.

6. Apply for many scholarships. In recent years, money from the reducedBudget for college scholarships, so it is more difficult, a scholarship, get to go to college. You can get a scholarship your changes by going to increase as many scholarship applications as possible. If you are to complete at least 50 to at least 5 scholarships. Also office, go to your campus financial aid and ask for financial assistance programs that schools offer to students. Are you with the financial assistance office workers, you will get financial help alert friendlyPrograms when they become available. You can also use the Internet for scholarships. Some websites are http://www.fastweb.com scholarship http://www.scholarships.com, http://www.finaid.org, [http://www.college-scholarships.com] or http: / / www.scholarshiphelp.org.

7. Apply for grants. Apply for as many scholarships as possible. You can also apply to federal grants such as the Federal Pell Grant (Pell Grant), are the Federal Supplemental Education Opportunities Grant (FSEOG) Program, use financial support Partnership (LEAP) and National Science Scholars Program. Some pages are http://www.scholarships-ar-us.org/grants/ grant, http://www.scholarships-ar-us.org/grants/women.htm, http://www.careersandcolleges.com .

8. Protect your credit. Try to avoid that late payments of your student loan if your credit is reported this report and can remain for up to seven years. If you are having financial difficulties, call the> Student loan company and inform them about your situation, ask for an emergency loan or deferred loans to ensure that your damage is not until you are able to again begin payments.

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