So I'm sitting here reading Glamour's Money section and I came across their article called "The A-to-Z Money Guide". They have everything from budgeting to negotiating to coupons. As a student, the one that peaked my interest was Student loans. Those are going to suck paying back, especially after attending a private HBCU. But now is the perfect time to start making payments. You can start by paying towards your interest with monthly payments this way you can end up saving yourself a bundle on interest. The article suggests to pay them off ASAP and go for the 10-year repayment plan. This agreement allows you to pay off the loan within 10 years. I know of people in they're late 30's still paying off student loans and I desperately don't want that to be me. After finally paying off my credit card bill, I'm all for a debt free life. If you pay the full amount each month with the 10-year plan, you can save a lot more instead of doing the typical 20-year plan. The article also suggests checking out www.ibrinfo.org, which will help by creating monthly payments based on your income. I know we're still I'm school and not thinking of loans, but it will creep up on us. Starting now will help have a debt free future, quicker. I bet you already balked on that refund tho ...:)
Signed,
A Broke Student
