Question about student loans
Is there anyone on here who has student loans and if so, how do you handle paying them back?
I do and I'm actually not paying anything back yet. I have a minimum of 5 years to start so I'm not in a rush.
Consolidate your loans. It makes your life easier and it brings down your rate. The one I'm under, Educational Loan Co., gives me a 2.5% reduction on my rate after 4 years of payments. That was the lowest I could find. You should also make sure you're paying over the minimum required payment on loans. The more the better too because then you're in debt over less time.
Yes. As student, i need to take student loan in my college. All student in my college need to take it. If not, its hard for us to continue study at that college. I'm studying at good college and have better facilities at that place. No wonder its need high cost. Nothing i can do. Just accept and admit it. Thats why i working and study in same time to cover some others cost in my student life.
I hope i can settle the debt after i got my real job soon!
Most of the loans given to students are paid after he or she graduated to the school he is studying. And there are differences in loans that is available there are those private ones given by non government companies and some are by government loans which you would work at the government after you finish studying as a payment of your loan.
I had a student loan for alot of my life after colledge. I had to get help from my family for awile, and then got myself a decent job, were i could aford to pay all my bills including the debt. but I couldnt afford anything more than that, so I was just getting by.
After you got work and finish your college. I believe you can settle your debt right andrew? We just need to wait and study well. :)
student loan has the advantage that it takes a while uuntill you have to pay them back but meanwhile you have to get a job and earn money so you`ll be ale to pay back the money you took.....or there will be consequences
As far as I am concerned, I know that students loan is given upto 1.5 million to study abroad. It may differ from countries to countries.
Here, I just wish to know how much loan do we get to study in New Zealand?
I have got student loan for my engineering, now I am in my final year of my course. Right now iam paying only the interest for the loan and actual amount has to be returned in monthly installations after my course gets over. So right now, not in a difficult situation and hopes it will go better, if we are placed in good jobs.
