Student loans 101

Started by Danielle B.
Followed by: @Danielle @Latasha @Anthony @George @Nichole @George @Melissa @Melissa @Keshira @"Sherrie D" @Sarah @Chrissy @tashana @Neosha @Monica @Heather
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Danielle B.

Make sure you know the difference between subsidized and unsubsidized loans, parent plus loans, federal loans, and private loans! There are things I wish I knew more about going into college, and this is one of them. Now, I’m juggling 7 different loans from 3 separate lenders at all different interest rates.

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Danielle B.

That's a great point, Latasha! I've looked into consolidating some loans, but the interest rates only moderately vary and not in my favor. Hopefully, I can explore this option in the near future when my debt goes down :)

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Latasha B.

Yeah in that case I wouldn't recommend it. Student loans are horrible. Fin Aid does not take the time to explain anything. I'm paying mine back and I am still a bit confused. Lol 🤦🏿‍♀️

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Nichole W.

I ended up having to take out some personal loans for college, so those loans are at different banks and can't be consolidated. They're also at higher rates than the student loans. It's really frustrating to have so much debt hanging over my head, but I'm pushing through.

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Danielle B.

You got this, Nichole! 🙌 You're not alone in your financial journey. We're ALL rooting for you!!!

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Keshira S.

I would like to know more about this as well now that I’ve just how a letter about my student loans today.

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Chrissy M.

Yeh my loans are slowly raising because I haven’t started paying them back yet. It’s frustrating because I can’t afford to start paying on them, yet there continuously rising because of that.

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Tashana S.

Call them up let them know you have important personal bills, tell them you have a family. Tell them much you need to spend a month to live. Tell them how much you make. They will lower your payments. Also take it to your tax preparer you get interest you paid back in taxes. It will put your loans in good standing, lower the payment, and boost your credit score. I do it every year.

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Tashana S.

Any one you are in debt with, you call yourself make your own agreement, talk them down. You don't need help. Some will help you if you don't work tell them. If you have credit cards now or whatever bill you pay. Call them tell them I lost my job or I was sick they will help you.

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