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Save Money Today on Your Student Loans


Student loan debt can push back your timetable for moving forward—like getting an apartment and finally living on your own. It could make you settle for a job you don’t like, or that isn’t in your field, just because you have that loan to pay back.

It’s understandable that you may be so anxious about saying goodbye to your debt that you’ll consider doing so by any means necessary. That desperation, though, could lead you down the wrong path. You might even talk yourself into taking money out of your 401(k) to pay off your loans.

But is it a good idea? Usually no.

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"I have been incapacitated by debt for a decade," says writer MH Miller in a recent article in The Guardian. At one point, things got so bad that he found himself hoping he'd die from an undiagnosed medical condition ... that is, until he found out that his dad would then be liable for paying off his student loan debt.

Miller's article seems to have hit a chord among readers. It's not hard to see why when you consider that 44 million borrowers across the U.S. owe a total of more than $1.4 trillion in student loans. Can you relate?

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How many times have you heard someone say: “There’s an app for that?” 

If you’re knee-deep in student loans and looking for ways to help pay off your debt faster, you might want to try an app or online tool that does just that. Here are few to help you get your finances in shape and, in some cases, make money with your smartphone.

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Babies cost a lot—even more than you owe to Sallie Mae. But you don’t have to throw your finances out with the bathwater when you have one. 

Lots of people do have kids and debt at the same time, and make it work. And those people aren’t that special. So no, you don't need to pay off your student loans before having a baby.

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The short answer: nope.

The long answer goes a little more like nope, in most cases. As of January 1, 2018, if you get your student loan debt discharged due to disability, you won’t be taxed on the discharged amount. This is big news, because prior to then, you would get taxed on that amount.

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If AES is your loan servicer, you might have gotten something in the mail from them—and not known what it is. You may even have thought it was a scam. But, in fact, AES is a legit loan servicing company. 

It’s not unusual for people to have thousands of dollars in student debt—and not know who their loan servicer is. Here’s some info on AES, loan servicers in general, and how to find out if AES is servicing your student loan.

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Save on Your Student Loans
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The Best Companies To Refinance Your Student Loans Save Money Now
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