Arsh S asked:


I want to pay off as soon as possible.. is it smart to pay off extra each month or minimum and use that interest paid when we are doing our taxes to deduct from our income? (so we dont have to pay additonal taxes each yr)
My husband and I file together and we have no childeren… we make a decent combined inc.. (less than 100,000 though) a yr.

Bad Credit Debt Consolidation Loan

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

SummerBreeze asked:


Interest rates (Sallie Mae) will most likely be going up on July 1. I have received many, many offers in the mail to consolidate my school loans (these are similar to credit card offers). I do want to lock in at a fixed lower rate before rates increase. Currently, rates vary from 2.75% to 4.75%. What do I need to know to not get screwed? Are some companies more reputable than others? How would I find out? Are there hidden fees to be worried about? I graduate this June.

Credit Card Debt Debt Consolidation

CaptainGuineaPig asked:


I have two jobs and still struggle to pay my student loans and for this reaosn I am considering a consolidation loan. Eventaully I owul dlike to go to graduate school. If I were to get a consolidation loan would that affect my eligibility for grad school loans in the future?

Student Loan Debt