Student Loan Debt Relief

Posted on 10th December 2012 in Student Loans

Student Loan Debt Relief

Student Loan Debt ReliefWhile some people see student loans as “good debt”, they can easily turn into a nightmare which is when people start desperately seeking student loan debt relief. Don’t take out loans without knowing what sort of career you’ll be after, and what your employment prospects might be. Otherwise, you may find yourself buried by your so-called good debt. If you can’t afford college without them, consider taking classes at your local community college.

If you’re a student looking to start college, you should try as hard as you can to avoid student loans. Your personal finances will never be the same with this debt looming over your head. Always check out grants instead of loans. You won’t have to repay these. And although it may put a strain on you, you could always work and pay your way through school. It’s better than being $200k in debt when you enter the workforce.

However, there is every chance that you are reading this because you have had no choice but to accumulate student debt and you are looking for help with student loan debt. Well, this website is all about making you aware of a solution that is in it’s infancy but with support from people like you it could repay you tenfold and then some.

Help with Student Loan Debt

If you have more than one student loan, consider consolidating them. Consolidated loans can be locked in at a low interest rate, often lower than the interest rates on your original loans. You also have the option of extending your loan payoff period if need be. Contact the agency that holds your student loans to see if you qualify. The lower interest rate will be the same as someone paying a significant chunk of your final loan amount. That is the nature of compounding interest.

Compounding interest means that if you do nothing to pay off a loan then the amount of the loan will grow at an increasing rate as interest is charged on interest. Therefore you need to make a plan to pay off any debt that is accruing as quickly as possible. For about half the time that your student loan is in repayment, you are paying only or mostly the interest. The sooner you pay it off, the less you will pay in the long run, and better your long-term finances will be.

Now that you have your long term mindset in place let’s take a look and how you can increase your chances of getting student loan debt relief in the short term. You will need to seek a grant ¬†or financial support from somewhere but of course the ‘where’ is the big question.

If you take a look at the home page of this website where I give detailed step by step instructions on how to obtain financial assistance for students, you will see that there is a philanthropist by the name of Leo Kimble who has felt your pain and been in your position. He has dared to dream of a world without student debt but much more than that he has taken massive action to try and make that a reality.

Even as he sells his possessions to pay his rent, he is tirelessly working on UniLotto, the idea that an online store could be created that gives it’s profits to those with student debt rather than rich shareholders. You can register for free and show your support on Facebook. You can buy an inspirational eBook for less than it costs to get a takeaway happy meal and even earn money telling others about the website.

Don’t waste any more time – head over there right now by clicking here and get behind this brave and kind man and his dream of paying off your student debt for you.

 

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