HI Terry! I have been watching you on WGN in Chicago a few times and I love your advice.
My husband and I together have close to 50,000 in students. We just recently spoke with studenaid.edu.gov. We have worked with them to consolidate them and recieve a lower interest rate. I want to make sure we are on the right track of paying these down. Any other suggestions on what we should be doing? We are always good at paying them on time and more then the monthly payment, but only by 10-20 dollars.
Thank you Terry!
Terry Says: Good work. I’m glad you were proactive. Even $10-$20 a month will speed the process and save you a fortune on interest. Set a goal of paying down as much as you can, as fast as you can. And celebrate when the loan is repaid. In fact, please let me know when that happens!