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Consolidating Student Loans: What You Need to Know Going In

Should I Consolidate? Generally speaking, consolidate all the loans possible to get one simplified payment with the best terms possible. However, consolidation isn’t always the best answer. You need to take stock of your loans and decide if you should consolidate all, part, or any of them. For instance, U.S. government loans have a fixed […]

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Choosing How to Allocate Loan Payments: The Repayment Pyramid

How to choose where to allocate loan payments:  A “Repayment pyramid” refers to paying off the smallest loans first. Similar to consolidation, the fewer separate payments you have, the more flexibility you will have in choosing how your money is allocated each month. This can be achieved faster by paying off the smallest loans first […]

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Setting Money Aside: Savings, Money Market Funds, Investing, and Retirement

Planning your savings, budget, and financial goals: Setting a little money aside in a secure savings should be your first task. Most people say set 3-5 months worth of living expenses aside in emergency savings in case of hard times. Aside from that, I am comfortable knowing that I have a small IRA fund, some […]

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5 Steps for Planning to Pay Off Student Loans

Paying off your student loans is not going to be completely easy and painless, and anyone who says it is is probably trying to cheat you into making a quick purchase. However, by making a solid plan, working diligently and intelligently, and staying committed, you can make the choices to pay your loans down and […]

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Understanding How Student Loan Interest Rates Work

 Compound interest is the most powerful force in the universe.      – Albert Einstein   The reason Einstein said this is because when a principal amount accumulates interest, and then that new total accumulates more interest (interest on interest), the results can be amazing over long periods of time. Student loan interest rates are almost the […]

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