Debt Elimination Archives

Improve the Ratio of Principal to Interest on Student Loan Payments

When payments go almost entirely towards interest, lenders profit and debt lingers. Fortunately, there are ways to improve this situation.

Many major media outlets get a lot of clicks by publishing “inspirational” student loan payoff success stories. This trend needs to stop.

Knocking out half of your student loan debt may open up new doors to eliminate the second half of your balance with more ease.

Payments toward interest are profits for lenders. Payments towards the principal balance eliminate debt.

Knowing when student loan interest gets added to your balance means you know how to prevent student loan interest from getting added to your balance.

Whether your are making great money or just getting by, if you are careful, you can avoid some common student loan mistakes.

Elimination of student debt is the goal of any student loan borrower, but there are few items to consider before making that last payment.

Avalanche and Snowball are popular debt repayment strategies that can quickly eliminate student loans, but they both come with pros and cons.

Six figures worth of undergrad debt can be especially difficult to repay because of all the private loans that are usually included.