The single smartest thing you can do with your student loans, according to 3 loan experts - Business Insider

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Small steps can lead to big changes

as part of our year-long series on millennials and money: "Master Your Money."

"The mistake that many people make is feeling embarrassment, shame, and burying their head in the sand," Hutchinson said. "But you need to know exactly what you're facing, what your payments are, and have an idea of how you're going to approach it." Include everything you know about your debts, including their interest rates, monthly payments, and balances. On the other side, note your salary and any other income. Then, you'll be able to better understand what you owe, and what resources you have available to pay. , who paid off $30,000 in student loans, finds that confusion can often stand in the way of paying off loans.

 

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