If you’re a young mother, you’re probably not thinking much about money. While you are busy with your kids, you may not even think about the money you’re going to need to feed yourself, pay bills, and send your kids to school.
But even if youre a college student, you are probably worried about money because if you dont have enough money to pay for your classes in the first place, then you can’t take them. I was in the early stages of my first year of university, and I was taking a lot of classes, but I wasn’t even in the first semester of my finance class.
College or not, you most definitely have a debt situation. And I know this because I spent months trying to figure out how to get financing for my finance class. It turns out if you want to pay off your loans, you should plan on receiving some kind of financial aid from your school. And this is especially true for the classes youre taking for your degree. Just because youre taking a course for your degree, doesn’t mean you need to borrow what you need for everything else.
The problem with a loan is that you dont know what you are borrowing. And I’ve seen a few people who have had to resort to borrowing what they dont need. So what do you do? How do you get the money you need for your finance class? Well the answer is, by borrowing. If you have a bad credit score, you can actually apply for a loan and get it for free.
This is a great idea. You borrow from your bank and pay it off in due time. But what about the students? They dont want to wait to pay back their loan. They want to borrow from you and get right to paying. This is where you have to be careful. Some loan companies have a “no refinance” clause, meaning that they will only help you out if you take out a new loan. This is very risky.
This is where a lot of people get stuck. The problem is if they take out a loan and default, the bank will only help you if you refinance the loan. But if they don’t refinance your loan, they just help you out and you will be stuck. This is why I have a special interest in student loans. My parents are both in their forties, and I am in my thirties, so I know my way around the financial world.
Student financing has a bad reputation, but I think the truth is that it is a necessary evil. As a matter of fact, I am now starting my own company called FWD Financial Solutions (www.fwdfinancialsolutions.com). I am in the process of setting up a company called EZ Student Loans, which is a company that helps students get loans and then refinance those loans once they are paid off.
Basically, my company is the first and only company which has actually been able to refinance a student loan once it is paid off.
So, my company is basically a way to take the hassle out of getting a student loan and then refinance it once it is paid off (which is what our school loans are most of the time). I’m getting a loan for $1500 a month and then I have to refinance it every month so that I can pay it off. I have to pay interest, and then I have to pay principal.
Like most loans they can get you into some financial trouble in the first few years of your loan, but I have managed to save a lot of money this way. The reason is because I have a college degree, which is a pretty big investment. For example, I graduated with a 2.5 GPA and with a job with a company that pays over twice my salary. I have been able to pay off my loans in less than 4 years.
