Strategies For Paying Back Student Loans

“60 percent of 2007 college graduates had student debt, each taking on an average of $22,700 in loans.” —College Board Report

“Default rates in 2006, jumped to 5.2 percent from 4.6 percent in 2005″ — U.S. Department of Education.

“A new report by the U.S. Department of Education’s own National Center for Education Statistics reveals that student loan defaults are a far larger problem for some groups—particularly students of color and those who leave college with a lot of debt.” — EducationSector  Read more... (1008 words, 2 images, estimated 4:02 mins reading time)

Ten years ago I received a piece of Bazooka Bubble Gum in the mail with a note from my student loan lender requesting payment saying “don’t blow it!” At the time I was extremely annoyed, but looking back, I see it was a creative tactic that left a lasting impression and really got my attention.

I struggled so long with those student loans, but I’m finally free. Now I have a sister in college, a brother soon to graduate from college, and another brother preparing to enter college next year.  Read more... (1239 words, 3 images, estimated 4:57 mins reading time)

2008 is a year of change and greatness on so many levels. Thank God I have been freed from years of student loan bondage. I think the most frustrating thing about those student loans was the fact that I didn’t even finish college. That’s right folks, I do not have a conventional college degree but I have a PhD from the School of Hard Knocks! My friends and family will tell you that going back to school has been a major priority since having to leave school. Life has thrown many curve balls, twists, turns, and unexpected blows that made going back to school seem impossible. Now at 33 I’m ready to finish what I started back in 1993!  Read more... (408 words, 1 image, estimated 1:38 mins reading time)