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Save Money Today on Your Student Loans


You may not be in a position to take that bucket list trip right now, but that's not to say you have to settle for a staycation. 

If you pick your destination wisely, that's half the battle. Look for venues that are not on everyone's must-go list, but still have the qualities that matter to you. Here are a few budget-friendly ideas to get you started. 

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Is it more strategic to put money into your retirement account or put any and all extra cash towards your student loan debt?

If you're like a lot of recent graduates you’re probably thinking that since retirement is so far away and student loan debt is right now, you should focus on what’s in front of you first. 

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You might think going into a high-powered profession like law or medicine would guarantee that you'd pay down your student debt quicker than most. But — according to our recent Payback Progress survey — you'd be wrong. 

So who's winning the loan payback game? Get ready to be surprised. 

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With a to-do list that’s threatening to take over your weekend and an email inbox in need of attention, the last thing you have time for is a long, involved application process—even if it could mean saving thousands of dollars.

Fortunately, refinancing your student loans can be a relatively quick process, though you will need to set aside a bit of time and have some documents ready before you start. Here’s what you need to know. 

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You might be putting off saving until some future time when you make more money. But is that really realistic or is it just wishful thinking? 

CNBC ran a story recently about an anonymous couple in New York City who, though they bring in a combined $500,000 a year, haven't been able to set money aside for savings.  So where is all that money going? 

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Haven't done your taxes yet? As tax season quickly comes to an end,  it's time to get moving. The good news is there's one little advantage to having diligently paid your student loans all year.
 
It's called the  student loan interest deduction, and it's a tax benefit that you can claim without itemizing. Let's talk about how it works.  
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