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Student Loans Weighing you Down? Learn How you Can Better Manage your College Debt

If you have too much college debt, you’re not alone. There are a lot of students and former students today who are wondering how they’re going to pay back the money they borrowed to attend college. Student loans can be budget-killers, and they won’t go away for a very long time. There are some options, though. Paying extra will definitely get rid of them faster, but that only works if you have the money.

Some people refinance their homes and roll the debt into that. While the student loans will be gone, you’re risking your house. Getting a personal loan can also help if you have a lot of loans and you want to consolidate them. Sometimes it’s not the amount you’re paying, but the fact that you have to make a bunch of different payments that can be problematic for you. Sit down and be honest about your budget. Take a look at what you’re spending, how much you can save to pay on your loans, and what options can help you. Then you can make the best financial decision.

Tune into The Maria Sanchez Show weekdays at 9:00AM (PST), (and later that day on demand) where I cover everything from managing college debt to current events in Ventura County, and so much more.

 

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