I’m really happy for the kids about to get free college, mostly because I hope it continues until I have kids and they’re college age because I will STILL be paying off my own debt so they’ll be on their own.
If you’re from New York and recently graduated (after December 2014) check out this link and thank me later: NYS Get on Your Feet Program. If you qualify, they pay 24 of your payments. That’s 2 years for you to try and get yourself together. And you don’t have to pay a penny back, which is awesome.
Also, if you’re struggling to pay your loans and the amount you owe is growing g because the interest rate is out of control… REFINANCE! You can do that. Many banks will help you as long as your payments are on time and you’re trying to do the right thing. If you’re sitting on a loan that has a higher interest rate than 7%, you’re going to be paying forever, or until you hit mega millions and unfortunately, that’s not likely.
And if you haven’t taken any loans out yet, say no to Navient, former Sallie Mae because they don’t even want the money back, they literally want your soul. That’s why they repeatedly try to crush it.
Much love and good luck ladies and gents,