How to Minimize Student Debt

How to Minimize Student Debt

Finance
It is unfortunate that each year many students graduate with mountains of education debt that takes long and is hectic to pay. This, in turn, makes it likely that the student is going to default on the debt; and once the student defaults on repayment, there are some consequences. Thankfully, you can minimize your student debt. But how do you minimize your student debt? Tips Save Before Enrolling In College It is good to remember that every dollar you save for college reduces the amount of money you will have to borrow by a dollar. It follows that if you save $200 a month at a 6.8% interest for, say, ten years, at the end of the ten years you will have $34,433. Conversely, if you were to borrow the…
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