More than the chance to eat home-cooked meals, saving up on rent can fast track payments on student loans.
Philadelphia, PA (PRWEB) August 06, 2014
National Debt Relief shared in a recently published article last August 3, 2014 some of the ways a student loan borrower can look into to pay off college debt at a faster rate. The article titled “Revealed: Six Surefire Ways To Pay Off Your Student Loans Fast!” enumerates some of the repayment options a debtor can use to pay down student loans.
The article points out that the time will inevitably come that a student loan borrower will have to repay the college loans. As loans were being taken out while in-school to cover cost of attendance, repayment is just around the corner. As soon as borrower separates from school and after the grace period for federal student loans, the monthly statements will start coming in.
There are a few ways to be able pay down the student loan debt at a fast rate. The article starts off by recommending that moving in back home is a sensible decision. This move allows the borrower to save up on rent expense. More than the chance to eat home-cooked meals, saving up on rent can fast track payments on student loans. A borrower can allocate rent payment over to student loan payment.
The article also explains how joining the US military can help in paying off student loans. This includes the Air Force, Navy, National Guard, and even the U.S. Army. Apart from education resources, there is also the Montgomery GI Bill that can cover more than 50% of a college education. One other advantage is when joining the National Guard, the borrower would have time to get a second job because the workload is only part time proposition.
Working in another country is another option shared by the article.The idea behind this move is to be able to find a place where a borrower can earn a decent amount of income with low cost of living. This move stretches the income while lowering down the living expense. As it frees up some dollars on the budget, it can be used to pay down student loans more aggressively.
The article also shares how enlisting in the French Foreign Legion is one of the most radical ways to address student loan problems. By having a new identity and a chance at French citizenship, it separates the borrowers from the creditors. To read the rest of the article, click on this link: http://www.nationaldebtrelief.com/revealed-six-surefire-ways-pay-student-loans-fast/