It takes you ten years to payoff your student loans.Based on a stock market indexed mutual fund return of 12% you would be 32 when you could apply your full 0 former student loan payment to your savings/retirement.With an average balance of ,000, student debt is a big part of the average college graduate's life.At Lend EDU, we help borrowers compare the top student loan companies in one place.Instantly view loan options from ,000 to 0,000 using our student loan refinance comparison tool.Easily select your loan type, educational level, and loan amount to compare loan companies that meet your selected criteria.The program launched at Stanford in 2011 and has quickly grown.Today, So Fi has expanded and now helps student debt borrowers to refinance student loans nationwide.
By delaying or postponing the rapid elimination of your student loan debt quickly you can easily waste early years that are critical to saving for retirement. In this day and age with there being significant doubt if public programs like Social Security will be able to adequately assist you when you are old and unable to work, your retirement needs to be a primary consideration in dealing with your debt. Let’s say you graduate from college at 22 with student loan payments of 0 a month.
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We hope after you are done you can make the best choice to refinance your student debt with. Today, there are a number of new private consolidation companies looking to help borrowers improve their financial health.
More and more student loans are becoming the most problematic debt anyone can own.
At some point in the past couple of decade student loans when from a leg up to financial slavery.
There are many different benefits and drawbacks of what each student loan consolidation and refinancing lender offers, and it is important to be aware of all of them.