Ignoring debt in the hopes it will go away is not the most effective approach to student loan repayment. (We know plenty of people who’ve tried the wishful thinking method; it doesn’t work.)
Being proactive and knowing your options, though, is a pretty good strategy.
USA Today and ABC News are in the second of a six-week series aimed at getting students to be more proactive with their increasing indebtedness. This week’s installment covers the basics of repayment, and your options if you just can’t pay right now (yes, there are options).
Worried about your T.H.E. Debt?
https://www.theloanprogram.org/tlc/Calculators/LoanRepayment.aspx
With the holidays now behind us I am sure many of us will not only be looking at school debt, but I'm sure many of us went credit card happy during the holiday season and now have THAT to worry about. I definitly found it hard this holiday season knowing that my student loans were going to be rolling in in need of being paid and also trying to do my holiday shopping. I hate the thought of being thousands of dollars in debt but it helps to know that I am not the only one out there and that yes...with time it will all be paid
Debt is hard to keep track of because it is not immediate. In our increasingly fast culture, deferred aspects of life are harder and harder to keep tangible. Debt is one of those little campfires that is started for a constructive purpose, but can easily get fanned into a massively destructive force if not watched. I have put my debt (with interest rates) into my monthly budget so I have to look at it every month. This helps me to realize that it is there and will need to be repaid. I once heard this quote, "Fire is a useful servant but a fearful master!"
the videos with sandra block were very helpful