Ways to reduce student debt

ed loan

ed loanStudent loans will be the heavy load of students and parents who needed aid for their education.  Millions of people are in student debt and don’t necessarily know how to tackle this debt.

In order to minimize debt by paying their loans off when they are working part- time jobs.  As unrealistic as this seems for students struggling financially it is important to realize the debt and pay some of the balance.  People can also use any bonuses one gets after starting work to repay some portion of the loan in a lump-sum.

 There may also be cases where certain employers offer to pay off your bank loan in lieu of a signing on bonus or in return for a bond that you will work there for a certain number of years.  Always pay attention to the terms and conditions.  

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Picture by www.distance-education.org

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