Yes, as shocking as it may seem, you’ve read that correctly. It’s becoming too common to bring student loan into your retirement stage. Therefore it’s eating up at finances far after you’ve taken the loans. How can this be changed?
1. Get Organized - First things first, get a clear inventory of your college debt. Get a clear understanding of not only your payoff date but your balances and interest rates.
2. Making regular payments to whittle down your student loans will enable you to make steady progress toward financial freedom.
3. Extras - Whether in the form of a gift, bonus or inheritance, take the time to weigh your options. You could use the money to reduce your student debt and save for the future.⠀