Comments on: Here’s how paying off your student loans

By: manu@organic chemistry

manu@organic chemistry — Fri, 30 Oct 2009 10:21:21 +0000

To help the situation many lenders develop aid programs to help with student loan debt. These programs may have stringent requirements. But meeting them may make you eligible for student loan forgiveness.

By: peter@cash advance

peter@cash advance — Thu, 29 Oct 2009 16:58:11 +0000

I agree with your statement that “paying back your student loans can be a pain.” Right now, I am a 5th year senior in college. My advisor notified me I would graduate in about 2.5 years. There is no way! I already owe about 32K in loans, and I’m fixing to quit college, proceed to LPN school and work. I’m sick of it! It’s not easy, like you said.

By: Chris McClelland

Chris McClelland — Mon, 12 Oct 2009 19:31:46 +0000

That’s cool Ahmad, I wish we had more programs like that here in the states. I know that my mom got a lot of help with her MD from the Canadian government which helped pay for most of her medical tuition.

I had a friend graduate here last year as a nurse and her bills for 4 years topped 50-60k.

By: Ahmad Nordin

Ahmad Nordin — Sun, 11 Oct 2009 09:16:51 +0000

In Malaysia the government gives a loan to students for higher education institution. If you finish your studies with an excellence result, the government will change that loan to a scholarship which means it’s free.

By: Richard@credit cards Singapore

Richard@credit cards Singapore — Sat, 10 Oct 2009 07:11:59 +0000

Good advice. No doubt that in most cases a student loan will be the best value loan you ever get. In Australia there are discounts if you pay off big chunks at once which can be worth doing when you can afford it.

By: Dermot

Dermot — Wed, 23 Sep 2009 16:49:39 +0000

Student loans are one debt that you just can’t avoid no matter how bad your situation gets. I think the best tip in this article is to call your student loan companies and ask for help. If you are struggling to make your payments then let them know about it and they will often do something for you like giving you another deferment period, lowering your rate or offering you interest only payments. Be sure to use this only if you are struggling as it will delay you getting your loans paid off.

By: peter@student peter

peter@student peter — Mon, 20 Jul 2009 19:38:41 +0000

This *is* good advice. Student loans are low interest rates and credit cards should be avoided at all costs. I know of some students who invest all their loan in bonds and high interest accounts at the beginning of term to get a maximum return (and here in the UK there is something called a premium bond where you can win cash prizes from the government and still take out all your cash risk free) – if people look around there are ways to stretch the loan out.