You could pay off you student debts without having to live on a diet of mac and cheese if you follow the six simple tips in this presentation.

1. Helpful Financial Information from National Debt Relief …
How To Pay Off Your
Student Loans Without
Living On Mac &
Cheese
We understand that you really do want to pay
back those student loans. The problem is you
never seem to have enough money to make
those loan payments and yet have a decent
lifestyle. You worked hard to get through college
but you've learned one of the sad facts of life,
which is that a starting salary is just that – the
lowest salary you will probably ever earn. So
what can you do in the meantime about those
stupid, err, student loans? (Continued …)
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2. Helpful Financial Information from National Debt Relief …
#1. Understand your options
Whether you realize this or not when you graduated you was automatically put
on what's called 10-Year Standard Repayment. This is where you have a fixed
interest rate and a fixed monthly payment for 10 years. If you are struggling to
meet those fixed monthly payments the good news is that you have options. One
of the best of these is called Graduated Repayment. This is where your
payments start low and then gradually increase every two years. This repayment
plan could be an excellent option if you believe that your income will also
increase over the next 10 years. A second option, Extended Repayment, is just
what the name suggests. It's a way to extend the term of your loans to as long as
30 years. This would probably result in the lowest possible monthly payments but
then do you still want to be paying on your student loans when you're in your
50s? Finally, there are three Income-driven programs. If you were eligible for one
of these, Pay As You Earn, your monthly payments would be capped at 10% of
your discretionary income.
#2. Stay organized
If you're not careful the task of managing your student loans can become like
trying to herd cats. You need to stay organized which means keeping track of
your loan information. If you're not sure of how much you owe and on which
loans you should go to the National Student Loan Data System for Students
(https://www.nslds.ed.gov/). Here is where you will find all the information
regarding your federal student loans including the types of loans, when the funds
were disbursed, how much you owe on each of your loans and your interest
rates. This is the fundamental information you need in order to manage your
student loans and make sure you keep current.
#3. Have a plan
Many experts say that when you're first out of school you should try to limit your
required payments as much as possible. This is because it's equally important to
have an emergency savings fund in the event the transmission falls out of your
car or you have a medical emergency. You should definitely try to sock away
enough money to cover at least three months of expenses. After you've done
this, you could then consider increasing your loan payments though you will want
to ensure that this doesn't mean incurring penalties and that any extra payments
you make will go towards your principal loan balance. You might also consider
consolidating or refinancing your student loans and what it is you would need to
do to qualify. As noted above, there are a number of different repayment
programs for federal loans. You could make your payments more affordable with
just a little planning. As an example of this when you're collecting information to

3. Helpful Financial Information from National Debt Relief …
prove your income level be sure to provide the most accurate information as your
situation may have changed radically since you filed your taxes.
#4. Automate your payments
We understand that repaying your student loans can seem less important than
buying food or paying rent but it is critical that you stay current. Federal student
loans are considered to be in default the day after you miss a payment. However,
you won't be in serious trouble until you haven't made a payment for 270 days
because this is when your loan may be turned over to a federal debt collector.
Trust us when we say you don't want this to happen. Once your loan goes to a
debt collector you could see a portion of your wages garnished as well as a
portion of your income tax refunds. You would lose your eligibility for any
additional student loans and all those nice options such as Graduated
Repayment would go away. A better solution than trying to remember to write a
check every month is to automate your payments. This is where your loan
servicer automatically deducts the money from your bank account every month.
Of course, for this to work the money has to be there. Assuming that it is, you will
then never miss a payment and won't ever have to worry about going into default.
If you check with your loan servicer you might even find that it offers discounts
and incentives for you to enroll in automatic payments.
#5. Check out all available options
The good news is that there may be options available to you that you're not even
aware of that would help you pay down your loans. For example, there are
employers that offer assistance with student loans as part of their benefits
programs. Other companies might be willing to provide you with some help if you
ask. Believe it or not you could also volunteer your way to a debt-free life. Plus,
you could deduct up to $2500 of your student loan interest from your income tax
if you fall within a certain income range. It might be tempting to use your tax
refunds to pay for a trip to Mexico or the Caribbean but it would be far better to
use them to pay down your student loan debts.
#6. Understand that things are changing if you have private student loans
If you had to get private student loans to finance your education you were pretty
much stuck until very recently. Private lenders such as Wells Fargo and Discover
offered zero options. You had a fixed monthly payment, a fixed interest rate and a
fixed term and that was it. However, as Bob Dylan has sung, "the times they are
a changin." For example, Wells Fargo is lowering its interest rates to as little as
1% in a program that is now available to all eligible borrowers that are up to or

4. Helpful Financial Information from National Debt Relief …
around 120 days and 130 days behind in their payments. This new program is
also available to those who had been on time with her payments but are in risk of
falling behind because of unemployment, pay cuts or medical issues. If you have
defaulted on your loan or are 130 days or more late with your payments, you
would not be eligible for this program.
Discover has started allowing some borrowers to make interest-only payments
for temporary periods of time. It has said that it will roll out permanent
modification options early next year, which could include interest-rate reductions
and even partial loan forgiveness. Right now, the interest-only option is only
available to those that are less than 60 days late on their payments and were not
previously in a similar repayment option.
Don't wait. Act now
If you’re struggling to repay a private loan or loans don't wait for these companies
to come to you. Contact Wells Fargo or Discover immediately – especially if you
are possibly headed for default.
.

5. Helpful Financial Information from National Debt Relief …
Does this sound familiar?
• You are tired of worrying about money…
• You are losing sleep due to mounting
credit card debt…
• You are fighting with your partner about
the bills…
• You are living paycheck to paycheck…
• You are falling behind on your debts…
• You are losing hope…
It’s time to talk with National Debt Relief!
Call Toll Free 1-888-703-4948 Now!
Or Go To
http://www.nationaldebtrelief.com/student-
loan-consolidation/