Student Loan B.S. – YOU CAN DEAL WITH IT (Here’s How…)
“Student loan repayment can be difficult for young people starting off their careers and has become even more challenging now with the economic downturn, as recent graduates lose their jobs or struggle to land one…”
That’s from an article I found on BusinessWeek a few days ago, about this guy who started a group on facebook called, “Cancel Student Loan Debt to Stimulate the Economy.”
The group quickly grew to about 140,000 fellow members, and for good reason: ALMOST ALL OF US HAVE THIS PROBLEM. The article goes on to explain why and the position most of us are in.
I’m no exception to the rule (I had to spend most of today running around taking care of some student loan b.s), so I wanted to share a few helpful links and ideas with you in case you’re going through (or are about to go through) the same:
My #1 tip: GET ON YOUR GRIND… don’t avoid it, forget about it, let it slip into the back of your mind or anything else like that. (This was the mistake I made that put me where I am now…)
My #2 tip: DON’T GET INTIMIDATED… most of the people on the other side of the line are friendly and are actually on your side.
Don’t get scared by the financial terms, the serious-sounding letters you get in the mail or the fact that you’re probably not able to make payments yet… Make a decision to handle your B.I. and you’ll find that just about everyone you need to talk to wants you to be okay. Trust me.
So here’s a good article, minus all the matrix nonsense they have in the right sidebar (celebrity sex tapes, etc.). It’s called “How to Reduce Student Loan Debt,” and it gets straight to the point: http://www.mahalo.com/how-to-reduce-student-loan-debt
And here’s a really dope website called “You Can Deal With It.” You’ll love the way they put everything together: http://www.youcandealwithit.com
And one last thing: If you don’t know your pin (the 4-digit code you need to see all of your loan info online at FAFSA), instead of applying for a new one (because that can take a really long time),
- Call them @ 1 (800) 433-3243
- Speak to an actual person over the phone (press 0)
- Tell them you don’t have internet access, you don’t have a friend with a computer, you can’t get to a library and that you just can’t get online whatsoever.
…and they’ll tell you all your loan info over the phone: all the people you owe, who you need to call to get straight, etc.
p.s: I’m about to to make a facebook status later today that says (think about this and all the implications it has…):
“Do what needs to be done NOW, or let it pile up to the point where you can’t do anything about it later. Either way, MAKE AN ADULT DECISION ABOUT EVERYTHING THAT COMES YOUR WAY…“
>> FAFSA (Federal Student Aid Website)
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