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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