Did you know that a graduate with a student loan in the U.S. makes less than the total value of that loan in a year? Let’s do the math:
A Guide to Paying Off Your Student Loans ASAP
Every financial decision you make impacts your debt.
October 09, 2020
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Summary.
Repaying student loans can feel scary, especially when you’re starting out. Here’s a guide to help you figure it out.
- Pay more than what is required each month. It helps you reduce the interest on your loans and pay them back quickly.
- To do that, build a budgeting plan that helps you set aside 20% of your income towards overpayments. That reduces the overall interest on the loan and saves you money in the long-term.
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Budgeting Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Budgeting. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Tips, tools, and info for handling the budgeting process.
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New!
HBR Learning
HBR Learning
Budgeting Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Budgeting. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Tips, tools, and info for handling the budgeting process.