If you are like most Americans, you have left school with thousands of dollars in student loans (the average is about $20,000 for a four-year undergrad degree). If you have gone through graduate school, you may owe tens of thousands of dollars on your student loans. It can be discouraging to finish school, look around, and realize that you owe as much for you education as a house would cost. And to make matters worse, often those federal loans are a mix of subsidized and unsubsidized loans. Plus, they are often divided up into separate loans per year - or even per semester. You could have as many as eight or more separate loans, each with its own interest rate and monthly payment, depending on what the rate was when you got each loan. Instead
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First, you will be able get rid of multiple federal loans and just worry about making one loan payment each month. Second, you will be able to lock in an interest …show more content…
The average new graduate will start out their professional lives between $20,000 to $30,000, with private school attendees facing far higher numbers. Here are a couple of ways in which you, with a little luck and a whole lot of work ethic, can get those loans satisfied without any monetary contribution of your own. 1. Have your boss pay off your loans. You've spent between four and eight years getting an education, so use the brains you've cultivated to negotiate your way out of debt as you begin your working life. Don't just accept the first offer you receive because you're afraid it may the only one forthcoming. Actively seek positions with employers known for being good to their employees. Many companies offer to take care of paying off the student loans of new hires in exchange for a specified number of years of service or in lieu of other perks they typically award their employees. But, even when interviewing at those companies not offering this incentive, you can sometimes make such an offer part of the hiring terms. In the majority of job interviews, the question of salary is often answered by the amount of experience you bring to the table. Do your homework before you go. Make a list of the individual talents, knowledge and accomplishments you possess and what you want to receive in return for your experience. Present your requests
First, you will be able get rid of multiple federal loans and just worry about making one loan payment each month. Second, you will be able to lock in an interest …show more content…
The average new graduate will start out their professional lives between $20,000 to $30,000, with private school attendees facing far higher numbers. Here are a couple of ways in which you, with a little luck and a whole lot of work ethic, can get those loans satisfied without any monetary contribution of your own. 1. Have your boss pay off your loans. You've spent between four and eight years getting an education, so use the brains you've cultivated to negotiate your way out of debt as you begin your working life. Don't just accept the first offer you receive because you're afraid it may the only one forthcoming. Actively seek positions with employers known for being good to their employees. Many companies offer to take care of paying off the student loans of new hires in exchange for a specified number of years of service or in lieu of other perks they typically award their employees. But, even when interviewing at those companies not offering this incentive, you can sometimes make such an offer part of the hiring terms. In the majority of job interviews, the question of salary is often answered by the amount of experience you bring to the table. Do your homework before you go. Make a list of the individual talents, knowledge and accomplishments you possess and what you want to receive in return for your experience. Present your requests