Americor funding blogs avoiding student loan debt problems 3 ways you can manage student expenses now
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Americor funding blogs avoiding student loan debt problems 3 ways you can manage student expenses now
- 1. Americor Funding Blogs Home Blog About Contact Tuesday, May 1, 2018 Avoiding Student Loan Debt Problems – 3 Ways You Can Manage Student Expenses Now More than 50 percent of Americans with a college degree currently have outstanding student loans. Student debt is one of the most difficult burdens to overcome, which is why the current public college default rate is over 11 percent. If you want to ensure manageable finances post-graduation, here are a few tips that can help you keep any scholastic debt under control. Social Links Twitter feed More Create Blog Sign In
- 2. Posted by Americor Funding at 3:05 AM Labels: Americor Funding It is critically important that you understand the terms of your loan repayment agreement before you make your decision. You may want to opt for standard repayment, which is a fixed amount over a structured term, or an income-driven repayment, which will be a percentage of your income. Consider carefully what your earning potential will be once you enter the job market, as well as your cost of living. If you earn a bachelor’s degree in Musicology, for example, your starting salary will likely be less than if you earn a Petroleum Engineering degree, so plan your expenses accordingly. You may be tempted to borrow a substantial amount – enough to sustain you comfortably without the income of a part-time job – but do your best to resist. Do not commit to an amount that will only be burdensome later on. Don’t lose touch with your loan provider. If you find yourself in financial difficulties, it is important to contact your servicer in order to work out an immediate solution that preserves your credit score and possibly suspends your repayment obligation. Student loans don’t have to be an insurmountable obstacle – Americor Funding delivers customized debt management solutions that allow you to maintain control of your finances. 1. Read your loan repayment agreement – then read it again. 2. Don’t over-borrow. 3. Communicate with your loan servicer. No comments: Post a Comment Embed View on Twitter Tweets by @AmericorFunding Hmm, an empty timeline. That's weird. Check for Tweets Americor Funding Labels Search Search This Blog Search Search This Blog Americor Funding View my complete profile About Me Blog Archive
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