When I speak to fellow college students about their loans, you would’ve thought I said something obscenely offensive. As I’m beginning to find out, asking people about their student loan amount is just as bad as asking women about their age. You shouldn’t be asking about my loans!
It’s just not normal.
Wait until they hear that my plans are to help them pay them off before they’re 60. Seriously abnormal. But honestly, do we really think life just goes on? We do recognize that those loans are gaining interest while we breathe…right? Apparently not. Most people I speak to know nothing about their loans. Not even how much they owe.
So if you want to know how much you owe, here are some easy steps to follow.
1. Determine what type of loans you have. Private or federal. It’s highly likely that you have federal loans if you’ve gone to school in the past 8-10 years.
2. Check nslds.ed.gov for federal loans. You’ll be asked to create an ID based on your Fafsa information, so have that ready. Loans listed in order of when they were dispersed.
3. Begin to list out your debts from smallest to largest and start to kick ass with the debt snowball.
Guys, it’s 2016. We can’t be in debt much longer. Life is passing by, there are so many things to enjoy. The “I see no debt, I speak no debt, I hear no debt” approach hasn’t worked for you so far. Get it out of your life.
It’s time to know what you owe.