8 Ways To Repay Debt Student Loan

A recent study by the National Center for Education Statistics show that 50% of recent graduates of college student loans, with an average student loan debt of $ 10,000. The average cost of college increases at twice the inflation rate. The growing cost of studies is difficult for future college students need scholarships and grants for paying for college  ui basic needs. More and more students are forced to use a credit card for payment of basic requirements, such 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 eight ways to help student loan repayment:

1. Develop a plan. Develop a plan to pay off student loan debt prior to the graduates.
2. Save your money. Every year, while studying at the college  in, find a job or internship. Save half the money in high interest savings account, www.emigrantdirect.com (5.05%) or www.ing.com (4.5%). After several months, consult a financial adviser at the highest possible return on the money. After graduating college  in, you can use the money saved on all the four years of college debt repayment.
3. Be careful with consolidation. Student loan consolidation combines your loans into one payment, but may or may not provide you with lower interest rates. Do extensive research before consolidating student loans. In addition, you can not qualify for the various student loan forgiveness program  s, if the consolidation of student loans.
4. Exchange labor debt reduction. To volunteer or work for the next in exchange for a reduction in student loan debt: teaching in certain areas of low-income students or areas with a shortage of teachers, provision of legal aid and medical services in areas with low income or working for AmeriCorps or the Peace Corps.
5. Find works of the research work. To pay for the cost of college work work work on campus to cover the costs of college. Go to the office worker's campus to ask about their professional training. Work, study Jobs pay at least minimum wage for this state.
6. Apply for many scholarships. In recent years, money has been reduced from the budget for scholarships, which makes to college. You can make the changes to get a scholarship by completing as many scholarship applications as you can. If after at least 50 will receive at least 5 shows. Also visit the college financial aid office and ask for financial assistance programs  s that schools offer students. Befriended the financial aid office staff will alert you to financial aid programs  and when will be available. You can also look on the Internet for scholarships. Some websites are www.fastweb.com scholarship www.scholarships.com, www.finaid.org, www.college-scholarships.com or www.scholarshiphelp.org.
7. Apply for grants. Apply for many grants and scholarships as possible. You can also apply for federal grants, such as the Federal Pell Grant (Pell Grant), Federal Supplemental Educational Opportunity Grant (FSEOG), take over the educational assistance partnership (LEAP) and the National Science Scholars Program. Some websites grants www.scholarships-ar-us.org/grants /, www.scholarships-ar-us.org/grants/women.htm, www.careersandcolleges.com.
8. Protect your credit. Try to avoid late payments on student loans, if it will not be reported on your credit report and can be up to seven years. If you have a financial problemen call the loan company's research and inform them of your situation, may ask for clausule deferment or loan for a loan to ensure it is not damaged until they are able to begin making payment again.