|
Wanna'
read a scary story? Okay, here goes: Dan was up
to his eyeballs in student loan debt -- I'm talkin'
more than $40,000. Even though this college graduate
was making the minimum monthly payments on his
Federal Stafford Subsidized loan, he didn't feel
like his financial status was getting any better.
Not to mention, his lifestyle was suffering (no
parties, no movies, and no entertainment extravaganzas
for him). He eventually got frustrated and opted
not to pay off the loans anymore. Dan's still
in debt to this day.
Gotcha
-- this is only a test. I repeat, this is only
a test! So did Dan's loan debt dilemma frighten
you? If so, hopefully, it's positive fright you
were feeling -- meaning, you'd never even think
about ditching your loan repayment obligations.
Besides, your money- borrowing situation doesn't
have to get that bad, if you're smart with your
loan choices from the beginning, says Pat Scherschel,
consolidation product executive at Sallie Mae,
an educational loan provider. She offers several
strategies for preventing loan debt now and forever:
Full
Article>>>
|
