Tuesday, February 21, 2012

Student Loans

Thanks for the guest post by Jo Levy

I graduated a couple of years ago, and obviously I’ve been paying my student loans every month, but I hadn’t been paying that much attention to the balance or how much longer I had to pay. As part of a New Year’s Resolution I decided I’d try to get a better handle on my finances, so I sat down with my loan statements and had a good look at them. And then I promptly almost had a heart attack. Because as it turns out, after paying on my loans for a couple of years, they have actually gone up. If you are feeling shocked by that, I can assure you that I know how you feel. I called my dad immediately to try to have him explain the situation to me, and I have to say he was a little condescending. I guess the idea of interest accruing is a fairly simple concept, now that I think about it, but the problem is I didn’t think about it! I resolved to start cutting costs everywhere I Could to get the loans paid down as quickly as possible. I checked out a few websites my dad recommended to help me out, and one of them has actually made a pretty big difference—http://www.shopelectricityratestexas.com/. In Texas, we can evidently select our own energy providers and can save a pretty decent amount of money doing so. Who’d have known?


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3 comments:

  1. Ugh. Student loans. Hubby just told me how much interest I paid last year. DEPRESSING.

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  2. Expecting a big interest in student loan is normal.Well this is a great article and it is a good idea to get loan who you know.Good job.

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  3. Well, it’s best if you just take the bad with the good. The student loan you’ve availed has driven you far with your studies. Hang in there, and you’ll make it through. For one, you’re lucky to be given the opportunity to study. ;)

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