What is a good formula for paying back student debt?

What is a good formula for paying back student debt?
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1 Answer

Answer :

Live frugally, don’t assume any new debt, and pay it off as fast as you can. Highest interest first.
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Related questions

What is an "unreasonable" amount of debt for a college student to undertake?

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Last Answer : If he’s on the hook for the debt himself, preferably $0. College education brings tenuous benefits, but if you aren’t sure you can pay it back it might be best to wait until you can pay for it upfront. There is no escaping this debt through bankruptcy.

Can people claim bankruptcy to get out of paying student loans back?

Description : Can people claim bankruptcy to get out of paying student loans back?

Last Answer : The short answer is maybe. It will depend on what kind of bankruptcy you claim. New bankruptcy laws make it harder to get rid of the principle loan but will forgive the interest, late payments, and so on. Chapter 7 or 13 or 11? It can get very confusing.

At what level of income must you be to start paying back a Private Student Loan?

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Last Answer : You will have to start paying it back six months after you graduate. If you are still unemployed or making very littl you can typically defer the payments for up to three years but usually interest will ... it is a graduated payment plan which means your payment will go up the more money you make.

What do you think about paying students to get good grades?

Description : What do you think about paying students to get good grades?

Last Answer : I’m all for motivating them to do well, but we’d be far better off to teach them how much a good education pays off in the first place.

Whats the best paying job a person in Canada can get with a few credits in Business and one year of Bach. of Arts?

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Education Debt?

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Last Answer : answer:Education debt is usually one of the least costly debts you'll have, so there's some incentive to not worry about it as much as other debts and life expenses. Other than making extra ... debt while channelling more of your money in investments that can outpace the interest costs of your debt.

What advice would you give to a person paying off debt?

Description : What advice would you give to a person paying off debt?

Last Answer : Pay off the debts with the highest interest rates first. If you can refinance higher interest rate debts to get lower interest rates, do so, and then make the same payments so you reduce the principle owed. If you get a bonus or large one time influx of cash, pay off debt.

Advice on paying debt collection?

Description : Advice on paying debt collection?

Last Answer : answer:If it happened to me, no I would absolutely never pay a collection agency. If she wants to pay the actual phone company, she should call and discuss it with the billing department. Even then ... many local elected officials as I could to get some assistance in getting them to leave me alone.

Paying down the National Debt -- here's my thoughts. Any better ideas?

Description : Paying down the National Debt -- here's my thoughts. Any better ideas?

Last Answer : Don’t have time to answer right now, but I thought this article by Scott Adams (the Dilbert guy) was pretty interesting.

Why does any unappropriated money from the national budget go into the Congress retirement fund instead of paying down the national debt?

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Last Answer : Sounds bogus to me. Source?

If you are on a budget, and are having a hard time paying off debt. Is consolidating your debt with a loan a good option?

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Last Answer : Not always. Sometimes it just aggravates the problem. See a debt counselor first.

Why did paying off the Plymouth colony's debt help the colony succeed.?

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I am currently and have been paying faithfully a collection agency 50.00 a month to settle a medical debt. The agency is now threatening to garnish my wages for more. can they do that.?

Description : I am currently and have been paying faithfully a collection agency 50.00 a month to settle a medical debt. The agency is now threatening to garnish my wages for more. can they do that.?

Last Answer : NO. If you are paying a little at a time they can not garnish wages. The collection agency can not garnish your wages.The only agency that can do that is the Internal Revenue Service. It is better ... took a settlement. 50.00 a month try that toward your outstanding balance and pay more if you can.

Ratio to assess the short term debt paying capacity of a firm is---------- a) Debt equity ratio b) Propriety ratio c) Liquid ratio d) Solvency ratios

Description : Ratio to assess the short term debt paying capacity of a firm is---------- a) Debt equity ratio b) Propriety ratio c) Liquid ratio d) Solvency ratios

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I'm a freelancer. How can I get US$ 4000 in two months to pay my tuition fees? (No student loans are available in my country and crowdfunding isn't an option)

Description : I'm a freelancer. How can I get US$ 4000 in two months to pay my tuition fees? (No student loans are available in my country and crowdfunding isn't an option)

Last Answer : Sell things. Ask family for money. Get a few more jobs. Sell your plasma. You dont specify your languages or skills, or your country. You coming here to study? Too many unknown factors.

Have you been following the student protests in Colorado?

Description : Have you been following the student protests in Colorado?

Last Answer : I had no idea that anything like that was happening in Colorado and I'm appalled at what the school districts are trying to do. It's wrong for so many reasons that it's hard to even fathom all of ... the students are doing what they're doing and I hope they keep it up, for as long as necessary.

How can a college student be whole-brained in a system that wants you to be either right- or left-brained [long details]?

Description : How can a college student be whole-brained in a system that wants you to be either right- or left-brained [long details]?

Last Answer : answer:Sorry, your details got lost in my left-brain. But my answer is quite simple. The system does not control this. You are either left-brain oriented or right-brain oriented, or you are able to use both ... of the system or do you want to be a free man? Most people can't have it both ways.

What do you think of the idea of having computers grade student essays?

Description : What do you think of the idea of having computers grade student essays?

Last Answer : What a ridiculous idea! Does it write notes in the margins, too?

Tips for balancing a part time job and a full time student?

Description : Tips for balancing a part time job and a full time student?

Last Answer : answer:Were you able to request which days and at what times you would be working? I always went to school M-F, which I know most students hate with an undying passion. For me, however, I ... have multiple mediums to keep track of all your tasks until you figure out which system works best for you.

What do you think about a student exchange program within the US?

Description : What do you think about a student exchange program within the US?

Last Answer : answer:There are dozens of domestic exchange programs for college students already in place. Source See the links in the first half of the site only. (The second half lists the foreign ... Some high schools also have independent projects as part of the curriculum where this could be arranged.

How can I get a student loan, in Alberta, with a 725 credit score?

Description : How can I get a student loan, in Alberta, with a 725 credit score?

Last Answer : Contact a branch of ATB Financial and ask a credit officer.

Do you know how I might find out who holds my other student loan?

Description : Do you know how I might find out who holds my other student loan?

Last Answer : Have you run your credit report? It should be there.

What should I do about my student, who speaks out awkwardly in class, and challenges me on my age, knowledge?

Description : What should I do about my student, who speaks out awkwardly in class, and challenges me on my age, knowledge?

Last Answer : answer:You must set the groundrules for discussions immediately. You must explain that each student needs to listen to others answers and show respect at all times. If it starts to get heated, end the ... will end their time speaking. It's your job. The rest of the class will appreciate it.

How many colleges/university applications would you recommend a high school student submit?

Description : How many colleges/university applications would you recommend a high school student submit?

Last Answer : What’s it cost to apply to colleges today? I think I applied to 5 or 6, but it was pretty cheap then.

When is it fair to fail a student on an assignment?

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Last Answer : answer:D was the correct answer, especially on the first assignment. You state he/she made an honest attempt. Follow up with this person as to why it was wrong. If there was an honest attempt to do ... and learning. The goal is the person learning how to think about things, after all. Not the grade.

What are the rules when a student invents something and submits it in an assignment?

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Last Answer : Make a certified copy of your invention and mail it to yourself. Never open the envelope. As long as the envelope is not opened, you are protected with your suggestion or a new invention.

Did you apply for student loans just because you could?

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Last Answer : answer:No, my parents didn’t pay for anything. They couldn’t have afforded it. I got through college on a combination of scholarships, student loans and part-time jobs.

What makes one a first-generation college student?

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What do you think about religion-centered student groups in public high schools?

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A Canuck here, and I would like to get a student visa and go to school in the U.S., what do I need to do?

Description : A Canuck here, and I would like to get a student visa and go to school in the U.S., what do I need to do?

Last Answer : See if this works. http://travel.state.gov/visa/temp/types/types_1268.html I’ll pass on the toque but don’t think of screwing me with a small coookie. (That came out a little weird)

Is it possible to apply to a college as a first-year student?

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How to raise student interest?

Description : How to raise student interest?

Last Answer : Are there any computer bulletin boards for your campus? Putting a notice up there would be a good way to get tech minded students attention. Likewise, local tech forums.

If a student is majoring in Psychology, but knows as much about painting and sculpture as someone who is majoring in art history, do you think that this is an obsession?

Description : If a student is majoring in Psychology, but knows as much about painting and sculpture as someone who is majoring in art history, do you think that this is an obsession?

Last Answer : I think that’s great :)

What do I need to know as a career changing student, to start medical school in the US?"?

Description : What do I need to know as a career changing student, to start medical school in the US?"?

Last Answer : I am a Production Engg. graduate from India.i am not interested in engg.,i am interested in studying medical.i want to study medical from USA. i have not appeared for 12th std. so please ... in USA with the details of colleges, scholarships, part time jobs while pursuing medical education in USA.

Do you have any advice for a first-year college student?

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Last Answer : Do your homework and show up to class. You might not “have to”, but you’re going to college to learn, so make sure you’re actually learning. If you don’t, you’ll be paying to waste time.

Is attending a community college a waste of time for an exceptional acadmic student?

Description : Is attending a community college a waste of time for an exceptional acadmic student?

Last Answer : Not if they transfer.

Are High School gym classes any good at helping the overweight student rather than making him/her the laughing stock of the class?

Description : Are High School gym classes any good at helping the overweight student rather than making him/her the laughing stock of the class?

Last Answer : In school I wasn't fat but I wasn't good at sport, I hated sports lessons and they didn't make me like it or get me healthy in any way, it just made me hate the lessons more because I ... sports from the start so even versing people my own level wouldn't really work but I think it would help.

Can you get a Federal Student Loan if you are working on a degree that is post MA?

Description : Can you get a Federal Student Loan if you are working on a degree that is post MA?

Last Answer : Oh, and for the interest of anyone who intends to move past their masters, there are loans…

Any teachers out there have information (generally) on certification and student teaching?

Description : Any teachers out there have information (generally) on certification and student teaching?

Last Answer : answer:It varies widely by state and by how badly the state needs teachers. As a general rule, it's about a year's worth of classes, plus student teaching, and you can usually take them at ... as you're in school now, is to consult the education department-they can give you more concret information.

What banks do student loans directly at banks ?

Description : What banks do student loans directly at banks ?

Last Answer : Navy federal. PNC bank use to but I don’t know if they still do.

Can I stop my wages from being garnished for a defaulted student loan The company that is garnishing by check says that the money that is being taken from my paycheck is only paying their fee, not any part of the loan. Is there any way that I can repay it?

Description : Can I stop my wages from being garnished for a defaulted student loan The company that is garnishing by check says that the money that is being taken from my paycheck is only paying their fee, not any part of the loan. Is there any way that I can repay it?

Last Answer : You cannot get out from under a student loan. If you have the ability to pay back the loan do so as quickly as possible as your interest will rapidly increase the principle, especially if part of your garnishment is not covering it.

Paying Off Student Loans Can Be Easier With the Right Job?

Description : Paying Off Student Loans Can Be Easier With the Right Job?

Last Answer : Student loans are an important investment in your future, but unfortunately many people feel that paying off high student loan debts requires working long hours for many years at jobs they hate. Consider ... large amount of student loan debt, and should be a part of your job search criteria.

Suppose you are checking student's answer books, all of a sudden you have finished red refill. You call an student and order him to bring a refill. What would you like to do in such a situation? Options: A) You will give him required money for the purpose B) You will return the money when student show courteous gesture C) You think that students money is teachers own money D) You will feel ashamed when you will be paying for such a small amount

Description : Suppose you are checking student's answer books, all of a sudden you have finished red refill. You call an student and order him to bring a refill. What would you like to do in such a situation? ... is teachers own money D) You will feel ashamed when you will be paying for such a small amount

Last Answer : A) You will give him required money for the purpose 

Is student debt a national crisis?

Description : Is student debt a national crisis?

Last Answer : Absolutely.

Will you ever be able to payback your student loan debt?

Description : Will you ever be able to payback your student loan debt?

Last Answer : I didn't take out loans for college, Thank goodness. I think graduating with debt is just awful. I was very lucky to have parents who could afford to pay for my college, and who always ... government providing higher education for our young adults, the way the system is set up needs so revamping.

So I have an idea to start a program for students in debt with student loans, how can I start this?

Description : So I have an idea to start a program for students in debt with student loans, how can I start this?

Last Answer : first of all, paragraphs are your friend. it sounds like you want to set up a non-profit agency. You need to file with your state to begin. You must have a plan in place before you file. For ... as a non-profit agency so they can report it as a donation. http://www.usa.gov/Business/Nonprofit.shtml

Is this amount of debt for a graduated student right?

Description : Is this amount of debt for a graduated student right?

Last Answer : I think it’s completely absurd for schools to charge that kind of money, but the only way to stop them from doing it is to refuse to pay it. Sorry, dude.

What happens to student loan debt if you immigrate from US to Canada?

Description : What happens to student loan debt if you immigrate from US to Canada?

Last Answer : No. US law is not applicable in Canada.

What Are Your Options Regarding Student Loan Debt Forgiveness?

Description : What Are Your Options Regarding Student Loan Debt Forgiveness?

Last Answer : Millions of Americans are dealing with student loan debt. For most, that debt will linger with them for several years or decades. Although the average student loan debt is somewhere around $25,000, many ... loan debt gets away from you, there are options designed to help you deal with that debt.

A student took Sodium Sulphate solution in a test tube and added Barium Chloride solution to it. He observed that an insoluble substance has formed. The colour and molecular formula of the insoluble substance is (a) Grey, Ba2SO4 (b) Yellow, Ba(SO4)2, (c) White, BaSO4 (d) Pink, BaSO4,

Description : A student took Sodium Sulphate solution in a test tube and added Barium Chloride solution to it. He observed that an insoluble substance has formed. The colour and molecular formula of the insoluble substance is (a) Grey, Ba2SO4 (b) Yellow, Ba(SO4)2, (c) White, BaSO4 (d) Pink, BaSO4,

Last Answer : Answer: (c) White, BaSO4