Tips to repay student loans
If you have a large debt of graduates, but it would be to spend some time mapping out a strategy to pay again to move as quickly as possible.
pay according to a recent study from the Department of Education United States to provide 26 percent of graduates at least $ 25,000 for her college education.
“Today, many college students a significant amount of debt level, but are not prepared for how to deal with it,” said Dick Willey, President and CEO of American Education Services, a national financial services organization.
AES hosts www. Withit youcandeal. com is designed to help students and graduates, financial responsibility. Here are some tips from AES.
* Consolidate. Consolidate their loans can reduce your monthly payments and possibly lower your interest rate. AES recommends that you look into this option as soon as possible to ensure a low interest rate. By consolidating, you will receive one invoice per month, making it easier to track payments.
* If possible, make payments during your grace period of six months. This is a great way to save money on your subsidized loans, because you do not pay will be applied directly to the capital. This reduces the amount of interest you owe after the grace period. In addition, you can pay your loan months earlier than expected.
* Use pay by direct debit, so that their loans on time each month. Direct debit is a free automatic payment for borrowers who prefer their loan payments electronically. If you use this service, you can also benefit from a rate cut after a certain number of payments on time.
* The daily costs include the return on your loan. If you are Upromise participating retailers, a part of that what happens to them in their Upromise account used to help repay loans AES-service can help. P>