Managing Your Student Loan Effectively
Managing your student loan effectively could seem like a tall order.
Often, individuals find themselves paying off student loans for decades. Did you know that President Barack Obama only finished paying off his student loan ten years ago? This stresses the importance of managing your student loan effectively from the start.
In South Africa student debt at the University of KwaZulu-Natal alone is a whopping R220 million. This indicates that South African students are facing serious financial challenges regarding their student loans.
In this Insurance Gateway article Wikus Olivier, debt counsellor at DebtSafe, shares four tips on managing your student loan. Wikus also gives great guidelines when it comes to choosing the most appropriate loan.
Student loans may be the only way for many to afford tertiary education, but it doesn’t need to be a constant source of worry and stress.