Student Loans: The Anchor Tied to your Ankle By: Alisa D.

Student loans are something that every single student has had nightmares about before. They consume your energy and time from the moment you accept your admission to a college, to the time you switch your energy to retirement accounts. But what if there was a way to let you sleep at night and keep your hair? My goal is to pay off these loans in the most efficient way ever. As I started exploring the loans in my portal, I saw that there were a few different types of loans. One type of loan is called an unsubsidized loan. The federal government pays the interest on that loan while you are in college, and the interest starts accumulating as soon as you take out the loan. Another loan that I found on my portal was a private/parent loan. This allows your parents or other relatives to help pay for education-related expenses while you are in school. If think this is a good option if you have a supportive family that is in the financial position to help the student out so they don’t have to worry about that on top of education. All in all, loans mean that you will have to pay back the money, most likely with interest, and in an ideal world, you want as least loans as possible. The best way to efficiently pay those loans back is to have someone help you while you are still in school, or to create a plan for after you graduate, so that you can pay everything on time.

Source:https://hackpad.com/ep/pad/static/8fVcpo5YLz8