by April 24th, 2010. Filed under: Financial Aid.
MG1182 asked:
I feel like my monthly payments are way too high for the amount I borrowed. Consolidation options only made the payment term longer. Is there anything else I can do?
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I feel like my monthly payments are way too high for the amount I borrowed. Consolidation options only made the payment term longer. Is there anything else I can do?
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Filed under: Financial Aid
April 27th, 2010 at 8:50 am
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Option #1 – Work three jobs.
Option #2 – Work two jobs.
Option #3 – Marry a rich man or woman
Option #4 – Rob a Bank
Option #5 – Hope the feds lower the interest rate (not going to happen soon), and reconsolidate your loan.
Bottom line is, there’s not way to payoff students loans without 1) getting more loans 2) consolidating 3) earning more and paying more. Just deal the payments. You’re getting some tax benefits from them anyways.
April 27th, 2010 at 11:13 pm
student loan consolidation
Not really. Consolidating will only make you pay more in the long run.