A recent study by the National Center for Education Statistics shows that 50% of recent graduates with an average student loan debt from student loans totaling $ 10,000. The average cost of about twice the rate of inflation. With the rising cost of school is for students, the scholarships are sufficient to maintain in order to pay for college, and basic needs to strive hard. Students are increasingly forced to use credit cards to pay basic essentialsuch as books and school supplies. According to the United Marketing Service (UCMS), the average number of credit cards per student is 2.8.
Here are 8 ways to help students repay their debts:
1. Develop a plan. Develop a plan to repay the debt of student loans to completion.
2. Save your money. Every summer for the formation of a particular college, find a job or an internship. Save half the money in a savings account with great interest, as http://www.emigrantdirect.com (5.05%)or http://www.ing.com (4.5%). After several months of consultation, a financial advisor for the best return on your money. After college, you can save money during the first 4 years to pay off your college debt.
3. Be careful with the consolidation. Consolidate Student Loans combines your loans into a means of payment, but may or may not offer a lower interest rate. Making extensive research before consolidating your student loans. In addition, do not qualify for variousAssigned educational programs for loans when you consolidate your student loans.
4. Interchange work together in order to reduce debt. Perform voluntary work or occupation for the following in exchange for a reduction in student loan debt: teaching in certain areas with students in low-income areas with teacher shortages, provide legal services and physicians in areas with low income or working Americorps or the Peace Corps.
5. Get a job in the job study. To cover the cost of obtaining a collegial work study on campushelp pay for the university. Go to the office of the campus employees to their work-study program to ask. Work-study jobs pay at least minimum wage for that state.
6. Apply for many scholarships. In recent years, the money came from the budget for scholarships, for which it is difficult, a scholarship to go to college to get away. You increase your changes to a scholarship by applications for scholarships, which will. If you fill out at least 50 isshould be at least 5 scholarships. So, go into the office of financial aid and campus Request information about programs, financial support from the school offers students. Made friends with the financial aid office employee that notifies you of funding, if available. You can also use the Internet for scholarships. Some websites are http://www.fastweb.com Community http://www.scholarships.com, http://www.finaid.org [http://www.college-scholarships.com o]http://www.scholarshiphelp.org.
7. Apply for grants. Seek grants and numerous awards. You can also apply for federal grants such as Federal Pell Grant (Pell Grant), Federal Supplemental Educational Opportunity Grant (FSEOG) Program, based on an educational assistance partnership (LEAP) and the National Science Scholars Program. Some websites are http://www.scholarships-ar-us.org/grants/ http://www.scholarships-ar-us.org/grants/women.htm Grant,http://www.careersandcolleges.com.
8. Protect your credit. Try to avoid that late payments can be reported on your credit report on your student loans if you do this and stay up to seven years. If you experience financial difficulties, call the student loan company and inform them about your situation, ask for an emergency or deferred loans, credit is not damaged safe until they are able to start payments again.
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