Posts Tagged "organization"

Tips for Successfully Managing Student Loans | Guest Contributor Zyana Morris

Dear Kid,

Paying for college is even more painful when you, the lucky student, have the great joy of footing some or all of the bill.  DearKidLoveMom.comAs you may be aware, college is expensive. Not expensive like “Oh, look! The price of gas at this station is 5 cents more than across the street!” No, expensive as in “WHAT!!!??!!” Turns out, it’s even more expensive when you, the lucky student, have the great joy of footing some or all of the bill. Scholarships are dandy things, but they are often insufficient (if they even bother to show up).

Which means finding money.

Earning it is generally the best option, but as the average annual college cost is “WHAT??!!” and the average earning ability of students is generally about enough to buy lunch one day a week, student loans often become an important way to cover the cost of an education.

Today’s guest blogger, Zyana Morris, shares some great advice for dealing with student debt….

Tips for Successfully Managing Student Loans | Guest Contributor Zyana Morris

The best approach to oversee debt is well, to be free of any type of debt, but we all know how that is easier said than done since the economic situation is a wee bit unfriendly. In any case, paying for your university education, or getting money or student loans to take care of the cost of education, is something unavoidable for many.

In order to pay back your student loan successfully, there are several things you ought to do. If you want to be away from the recovery demons, you should plan a payback route even before you sign the principal promissory note. While we are all aware that such should be the case, most students don’t worry about paying back student loans until after they have graduated.

Here are some tips to help you make arrangements to manage your student loans successfully to guarantee repayment success.

You Do the Leg Work
All loans are not equal. A few loans offer payback incentives while you are at school; this reward can often be extended to even after you have graduated. Some loans do not provide any such benefits and repayments are expected soon after you have graduated school. For instance, the Federal Family Education Loan Program (FFELP) loan charges a 3% advance start expense, adding pressure to the already overburdened student. The student thus has to save more to bear the burden of not only interest but also the necessities such as books, school supplies, and everyday costs.

Read Your Mail
Ordinarily, student borrowers get a considerable amount of information regarding their student loans. You’ll probably get mail at the beginning, throughout the loan term, and after graduation from school. While it may seem like junk to you, it is very important that you sift through each piece as it could contain crucial information regarding your student loan. In the event that you do not understand something within the documents, you can call up your lender and have the issue resolved in a timely manner. It is important that you do not disregard the mail or you may pass up a major opportunity for a basic due date or essential data you have to follow up on concerning the loans. Lenders often mail regarding incentives, benefits, offers, and repayment plans.

Organize that Mountain of Paperwork

Save the greater part of your student loan research material and correspondences. That way, you are going to know exactly what you consented to, what is expected from you at the time of repayment, and how much debt you have acquired. It is intriguing how marking the promissory note for your loan is so motivating while repaying the same loan is the exact opposite. Four years of school go by faster than you think, and before you know it you are graduating and the student debt repayment is glaring you in the face.

Being able to put your fingertips on all your printed loan material will help a lot in the student loan frenzy. To make things simple for you, start by setting up a decent, simple to use, record-keeping framework in which you can keep your student loan research material and correspondence. The book shops and libraries have books and programming items on personal finance and budgeting that will offer you some assistance. Regardless of what filing system you pick, whether archive organizers, fasteners, portfolios, or envelopes, make one document for every loan or record you have, and keep your things organized properly. Also, while sorting out your record keeping framework, ensure that it is protected. The record-keeping framework ought to be kept protected from burglars and fires. Various experts likewise prescribe that you have to keep your student debt records and correspondences until they are all completely paid off.

Here is a list of things that you should keep with you until you’ve paid off all your student loans.

  • Essential research material like your student loan applications, promissory notes, dispensing and exposure articulations, and advance exchange takes note.
  • Copies of all correspondences concerning your understudy advance organization and/or adjusting organization, for example, your school’s money related guide office.
  • Contact and telephone number of the credit supplier.

Zyana Morris is a passionate blogger who loves to write on trending Life Style topics. She is a featured author at various authoritative blogs. You can follow her on Facebook and Twitter.

Thanks for the great advice, Zyana.

Love, Mom

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Wrangling the Wild Paperwork

Dear Kid,

It’s paperwork day.

Actually, it’s make cookies, go to a meeting, consider going to the gym, cook for the week, clean up the kitchen, brush the dog, write some blogs, and paperwork day, but it’s the paperwork that I am determined to confront head on.

The rest of it will happen. Probably. But the paperwork is likely to resist being completed.

Papers resist all efforts to corral them into one place. Their collective weight is like that of a black hole, just sucking energy from the surrounding area. DearKidLoveMom.comHave you ever tried to wrangle paperwork you’ve gotten behind on? Wild west movies and the stampede in the Lion King don’t prepare you for taking on the inertia of sulky paperwork.

First, the papers resist all efforts to corral them into one place. Their collective weight is like that of a black hole, just sucking energy from the surrounding area.

The paperwork raises baby papers (receipts and other small items) to act like spies and infiltrate seemingly benign piles of paper. They learn to hide, to blend in with the local scenery (You needed that scrap of paper? I recycled it last week!). The paperwork as a whole is strong enough for advanced mind control techniques (“Where is the receipt for X?” “I gave it to you.” “Nope, you didn’t.” “Well, I dunno.”).

Once you convince the majority of the papers to Sit! Stay! they call in reinforcements called “distractions.” (MOM!! The timer just beeped! MOM!! Can you help me with this? Sweetie! Phone is for you! Mom—rub my tummy!)

Some distractions are easier to ignore than others.

An amazing thing happens though once you record the important information and file each piece of paper. An amazing calm settles over each little scrap and each page. Once in their assigned folders, they stop calling out for chaos in the world and move to a life of retired peace.

It’s our job to help them move on to this happier state.

And today, I’m determined—bound, set, and determined—to make progress.


After the cookies.

And a few phone calls.

And a tummy rub for the puppy.

Love, Mom

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