Private student loans may look tempting when you're trying to fund an education. But you need to understand the pros and cons to private student loans.
Sometimes a traditional loan or a credit card balance transfer isn't possible to help you pay off credit card debt. Enter P2P (person to person) loans.
"Now that you can kind of wrap your arms around what a student loan is and where your money will be coming from, you need to make sure you are eligible."
Most students just don't really care to know how interest rates work and why they're important. At the end of the day you can save lots of money by knowing.
If you have tried to reign in your spending and get control of your unwieldy household finances, but still the credit card balance and other loans are heading upwards, you might be ready for a tool many governments and companies have used successfully - zero-based budgeting.
"I'm not advocating buying a new car when you graduate (especially if you have student loans to pay off, or you're having a rough time catching on in today's job market), but if you do want to give yourself a graduation treat you should be aware that most of the major car makers offer some pretty superb cool graduate rebate programs on new vehicles. "
When students arrive on campus for the first time with visions of red solo cups and shiny new student loan cheques dancing in their heads, few give much thought to the idea of when, where, and even if they should work as they pursue their post-secondary education.