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According to a recent study by the National Center for Education Statistics, an estimated 65 percent of recent college graduates are burdened by student loans. Although the average debt is $19,000, loans can exceed $50,000 and may be much higher for those who attend graduate school, law school, or medical school. Many students, faced with the task of repaying such a large amount of money, become overwhelmed merely thinking about it. But, using this new book, you can learn how to...
According to a recent study by the National Center for Education Statistics, an estimated 65 percent of recent college graduates are burdened by student loans. Although the average debt is $19,000, loans can exceed $50,000 and may be much higher for those who attend graduate school, law school, or medical school. Many students, faced with the task of repaying such a large amount of money, become overwhelmed merely thinking about it. But, using this new book, you can learn how to eliminate your student loans and be debt free.
In this exhaustively researched book, you will learn everything you need to know about student loans, including grace periods, deferment, forbearance, interest rates, co-signors, exit counseling, prepayment, discharges, cancellation, default, and much more. You will create a repayment schedule; understand the various repayment options, such as graduated repayment, level repayment, income-sensitive repayment, extended repayment, serialization, and income-contingent repayment; and be able to choose the appropriate plan for your unique situation.
Additionally, you will learn how to save money through consolidation, how to secure the best interest rate, how consolidating can improve your credit score, how to use lender incentive programs to save money, and how to lower interest rates.
Whether you are a current student looking to get a jumpstart on repayment or you are a recent graduate trying to wade through the letters you are receiving from your lenders and consolidation companies, How to Wipe Out Your Student Loans and Be Debt Free will be an indispensable companion.
Posted February 23, 2010
Sixty-five percent of college students are expected to have some form of debt. Now, in How to Wipe Out Your Student Loans and be Debt Free, students can discover how manageable their debt really is. The book's optimistic tone and realistic view easily breaks down students' options. Whether you are a recent high school graduate preparing for the future or a young professional aiming for a blank slate, this book explains how to overcome the debt hurdle.
Author Martha Maeda openly discusses the importance of being aware of how to handle student loans, and peppers the book with savvy student tips, case studies, and other helpful tools. Maeda explains everything from loan forgiveness, the difference between Federal versus Private loans, credit scores, and interest rates in a clear, understandable language anyone can comprehend. For readers seeking a student loan repayment plan or just curious about the difference between an ICR, ISR, and an IBR, Maeda has the answers.
With Maeda's jargon-free, expansive, and well-researched how-to book, anyone struggling with financial difficulties is provided options, motivation, strategy, and most importantly, hope.
Posted February 6, 2010
How to Wipe Out Your Student Loans and Be Debt Free Fast proves a valuable resource for both the incoming college freshman and the student graduating with a degree, entering the workforce and trying to balance a budget while paying off debt. The publication positively but realistically outlines the steps students should take before, during and after college to secure loans and pay them off.
Handy "Savvy Student" sidebar tips that share hints on topics like co-signing info plus special "Case Study" sections with real-person testimonials make the book an informative, friendly read. Martha Maeda discusses everything from scholarships and the FAFSA to unique ways to try to pay off principles and smart budgeting techniques. How to Wipe Out Your Student Loans and Be Debt Free Fast is a great handbook for any student to have in his or her arsenal.
Posted January 28, 2010
In the book How to Wipe Out Your Student Loans and Be Debt Free Fast, Martha Maeda talks about how students can be able to use students' loans to receive an education, then how to pay off the student loans as well as manage debt and establish good spending habits for the rest of your life. In the first 12 chapters, the book, talks in detail about how students loans work, what options students have as far as grants / scholarships are concerned and the overall choices as far as payment plans. The book then shifts gears, and talks about different strategies that the recent college graduates can use to find that first job, along with how to effectively manage / control debt. All of the different ideas presented in the book are useful for the person who is just entering college to working in their first job. This is because of overall depth and ideas that Maeda instills upon the reader.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted December 11, 2009
With the price of college tuition continuing to rise and an economy that has seen better days, more and more people are looking for ways to finance their educations. How to Wipe Out Your Student Loans and be Debt Free by Martha Maeda is a handy guide for those just going into college and those who are already saddled with student loans. Her book is less about how wipe out loans and more about how to responsibly choose loans and ways to reduce interest and make payments easier. She goes into detail about a variety of ways to get interest payments reduced, how to find loan forgiveness programs and what to do if the loan has defaulted.
Most of her information is covered in similar books, but Maeda's writing makes her book easy to understand and great quick reference piece. She also talks about little known gems like www.upromise.com which allows students to help pay off their loans simply by using their debit cards for things like groceries. Anyone looking to get loans for school or looking to pay theirs off quickly and efficiently should take a look at How to Wipe Out Your Student Loans and be Debt Free.
Posted December 1, 2009
How to Wipe Out Your Student Loans and Be Debt Free Fast: Everything You Need to Know Explained Simply by Martha Maeda is a comprehensive must-have for all students who financed their education through loans. The book is not only useful to professionals who have already acquired the loans, but is arguably more valuable to students considering on applying for student loans. The first section, Chapters 1 though 6, offers general information on the cost of education, options for financial aid, types of loans, associated terms and more. I liked Section 1 so much that I think school districts should purchase copies to provide to their high school juniors and seniors. Maeda does an excellent job of providing these essential concepts in easy-to-grasp prose organized in a logical flow.
Maeda dedicates Section 2 to information all about strategies to help students pay back their loans. Chapter 9, "Setting Goals and Priorities" offers practical tips advice to motivate readers to take control of their finances, careers and future path. Maeda is able to accomplish this in a non-preachy way. Her inclusion of "Savvy Student Tips" sprinkled within the copy will no doubt be appreciated by readers of all ages. This book is an incredible resource.
Posted November 27, 2009
This book is a must read for anyone needing money to attend college. It covers various types of loans and interest rates, giving the reader the information needed to make an informed decision. It is packed with ideas on finding a good job, budgeting, repayment plans, and how to create a repayment plan that is right for you. The author discusses the importance of living debt-free and getting low-interest loans with an improved credit score - all the tips you need to pay off your student loan in record time. How To Wipe Out Your Student Loans and Be Debt Free Fast teaches you how to take charge of your life and free yourself from debt.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted November 19, 2009
While this book focuses heavily on the US system of student loans, any student can benefit from this comprehensive guide. Every aspect of student loans is covered in detail; how to apply for student financing, the history of student loans in the US, types of loans available, and how to repay them. Much attention is also given to the importance of repaying student loans and the consequences of defaulting on them, how to repay them, and how to establish a positive credit history to be able to lower your interest payments in the future. The author also talks about budgeting, finding a job, adding to your income, and managing credit card debt.
If you are thinking of taking out a student loan, or already have one and are trying to pay it off, I highly recommend this book to you. I wish it was available when I was paying off my loans!
Posted February 4, 2010
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