bug asked:


We are $20,000 in debt with health care, credit cards, and student loans. We have $70,000 in home equity so far. Could we refinance our home and pay these outside debts?

Consolidate School Loan

ebocka asked:


because i suspect and predict that i will be in the hole somewhere between 7-10 grand which i think is not that bad, so who knows the average debt for an undergrad and if you don’t mind please share how much debt you will be in or were in when you graduate.Thank You

Consolidating Student Loans

Dumas asked:


So I’m graduating this weekend. I can’t find a job (I have a part time one now), my major is English, and I have 70k in student loan debt (10 of which is interest) I just completed my Stafford Loan exit counseling, and in order to pay these things off in the allotted ten years I will need to make 138k dollars/year. That’s not going to happen. To pay them off in 30 years I’m going to have to be making 70k a year, and I don’t see that happening anytime soon. What the heck am I supposed to do? I try and laugh it off and like to think that my best efforts will be enough, but it is starting to really get to me. Any suggestions?

School Loans Consolidation

Minnow asked:


Upon completing my master’s degree i will have $23,000 in federal subsidized stafford loan debt (this includes loan debt from undergrad). Is this a lot for a master’s degree? Starting salaries in the industry i am interested in getting into are b/w 40-55K depending on the part of the country i am working in.

Student Debt Relief

L S asked:


Can someone explain to me the difference between the APR and the interest rate of a student loan. My interest is 3.5 % but i got a letter today stating that my APR is 10% on a loan for 7000. i would end up paying 17000 over 144 months for 7000. what happened to the 3.5%. Please help.

And yes…I do plan to pay this immediately in May.

Pay Off Credit Card Debt