Student Loan Debt - About 50% of recent college graduates took out student loans. Like any debt, student loans can influence your credit and your future decisions. Two ways to reduce the debt burden are:
- Reduce or eliminate the principal balance. Specific types of loans can sometimes be forgiven by service or other higher education - look into the specific student loan program you have.
- Reduce your monthly payment. Since debt burden is measured by comparing your loan payment to your income, reducing your payment helps your credit evaluation. Rates are in your corner so consolidating your student loans today is worth looking into.
We have also put together a few credit repair, report and score related links above. We hope this site helps you gain control of your personal finances.