Student Loan Advice From Around the Web
Congratulations to the members of the Class of 2014 on their upcoming graduation. Unfortunately, many of them will be leaving college with more than just a diploma -- they'll have student-loan debt. In fact, the majority of students now graduate owing money that they borrowed to finance their education. According to the most recent figures from The Project on Student Debt at the Institute for College Access and Success, 71% of those who graduated in 2012 had student-loan debt and owed an average of $29,400.
SEE ALSO: 9 Ways to Reduce Your Student Loan Debt
If you're graduating with debt -- of if your child is -- I've rounded up advice from some of our favorite personal finance bloggers to help you understand your repayment options and develop a strategy for paying off what you owe.
Are Your Student Loans Costing You More Than You Think? [Mint Life]
"With so many changes to student loans in recent years (and so many details in the fine print), it’s easy to overlook some of these unexpected costs."
4 Student Loan Mistakes That Make Interest Rates Soar [ReadyForZero]
"While 'interest' can seem like an abstract notion when you first take out loans, over time it becomes a force to be reckoned with -- particularly for the many MBA, law, and med school grads with six figures worth of education debt to repay."
With Lots of Student Loans, Which Debts Should You Pay First? [Money Under 30]
"In order to know which loans to repay first, you need to know the details about all of your student loans."
When Your Student Loan Debt Shouldn’t Be Your First Priority [Credit.com]
"There are three times when you should hold off on throwing all your available funds at your student loans."