For many recent college graduates, your first post-grad summer is kind of like a honeymoon. You\u2019re still riding the high from graduating and enjoying your first tastes of \u201cadulting,\u201d but perhaps a \u201clite version\u201d of adulting, with fewer responsibilities. Six months after their ceremony, college grads all across the country get the wakeup call they never signed up for. Student loans. Who gave Sallie Mae our numbers, anyway?<\/p>\n\n\n\n
Whether state or federal, subsidized or unsubsidized, student loans are daunting. Oftentimes, when faced with a situation as overwhelming as paying off your student loans, our initial reaction is to avoid it altogether. Take it from us, you do not want to ignore your student loans. The consequences of not paying your loans can be costly and they tend to follow you around for years. Bad credit, rising interest loans, and falling behind on payments can send you into a downward spiral of greater debt and fewer economic opportunities. <\/p>\n\n\n\n
Don\u2019t sweat it too much though! While they may appear overwhelming, student loans are nothing to fear! You can manage them on your own! Follow our advice for taking control of student loan debt on your own, no super-rich families or inheritances required.<\/p>\n\n\n\n
The first, and most critical, step to taking control of your student loans, is to shine a light on them. You have to be intimately<\/em> aware of your standing. Ask yourself the following questions, and if you can\u2019t answer them, be prepared to do some digging into your accounts.<\/p>\n\n\n
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