Debt Elimination Archives

This Student Loan “Hack” is a Terrible Way to Improve Your Credit Score

Delaying student loan repayment in order to build up your credit score is really expensive and not very helpful.

Selling a condo to pay off student loans is a desperate move and better options are normally available.

Unless you get creative, the value of making a partial payment on a student loan is minimal.

A student loan interest deduction is a nice perk at tax time, but it isn’t valuable enough to change student loan repayment strategy.

Eliminating student debt, saving for retirement, and buying a house are all important financial goals that can be hard to balance.

Earning more money and spending less money are the obvious ways to get extra cash to pay off student debt.

Loan payoff date calculations get complicated for borrowers switching to Income-Driven Repayment plans like REPAYE.

Everyone knows the benefits of a “side-hustle” or rich parents. These tips are far less common but still very useful.

There are a ton of options for repayment of federal student loans, but they all boil down to one of four basic strategies.