By Genevieve Dobson
As you will see in my most recent video shown below you must think outside-the-box when you deal with student loan debt. Student loans have different rules and regulations and different repayment options. Especially when we are talking about federal student loans. There are many ways for you to put off making payments on your student loans or reduce your payments but you have to recognize the ability to do so.
When you begin to think outside-the-box it allows you to see your loans differently and begin to find solutions on how to best handle the debt that may seem foreign at first. However, just like anything else you can manage your student loan debt effectively once you take the time to learn about the different options or contact a company like Degrees of Success for help.
Thinking outside-the-box is a great way to think with regards to many different aspects in your life. It is certainly a powerful tool when managing your student loan debt.
The best type of loan is a mortgage…and when you apply say you plan to live in one of the units (it will be your principal residence). It is too hard to get a small business loan especially when you don’t have any proof that your business was successful, like past tax returns, etc. And with the economy recovering, banks are less likely to give “risky” loans. So a mortgage is the way to go…an when you move up, you can rent that property and buy another…and then another.