The next step is taking baby steps to pay off that debt.
Finger recommends going to studentaid.gov and using their calculator, reviewing the plans, and speaking with someone who can help figure out the best way to eliminate debt.
“Just spend five or ten minutes a day attacking that, and then what will end up happening is just like interest, your little bit of attacking each and every day will compound overtime. Your knowledge will gain and your financial situation will improve,” he said.He said if you have credit card debt along with student loans, see which one has the higher interest rate and put more money towards that debt.He said the key to paying off debt is being honest with yourself.
“Really take a look at your situation for what it is. How much you make, how much you owe, what those payments are, what the best way is to apply those payments toward that debt and still live your life,” he said.
