Tips for students

With the 2019 right around, everyone comes up with some resolutions. So we wanted to share some tips for students on how to tackle their student debt this coming year.

To solve a problem, first it’s important to fully understand the problem. So in this case auditing your student loans and understanding how much you owe and interest rates being charged on the loans. Next, come up with some goals and strategy and find a way to track it. With such a daunting task ahead, a good tactic to make the process more rewarding is setting smaller milestones.

Every strategy will need to revolve around cost saving opportunities. The largest cost most new graduates have are rent, food, and fun/travel. Renting is something that becomes exponentially cheaper if you are willing to have roommates. Second food, cooking can not only be healthy for your body but also healthy financially compared to eating out. Third, traveling and fun need to have budgets. Take a trip but consider going to countries with lower cost of living and save some expensive cities for future years. This process at the end of the day is not going to get solved overnight but is truly a marathon and about consistency. So set goals and keep chipping away at them and enjoy 2019!