As most of you know, we are working really hard on getting rid of all of my student loan debt. We're on track to have them gone by the end of this month, which just feels so awesome! I had around $35,000 to $40,000 of student loan debt accumulated by time I graduated, but I also have 2 undergraduate degrees and a Finance MBA. I also had to pay for everything myself, which means there were no UTMA accounts for myself. I know of some people who have $100,000 for one degree, and I can only imagine the burden of that. Please check out the infographic below!
There’s more than $1 trillion in outstanding student loan debt nationwide, making education debt the second largest form of consumer-held debt in America. It’s beat only by mortgages. That means millions of students and graduates, who are just like you, have more debt than they can handle.
But know you don’t have to face that burden alone. With SmarterBucks®, the only rewards program that helps you earn extra payments on any student loan, you can get out of debt faster and for less. Why? Because each $1 in SmarterBucks you earn and contribute as an extra payment on a student loan is actually worth more than $1 in debt reduction.
Consider this: if you earn $15 in SmarterBucks and contribute that toward a student loan, you’ll not only pay off $15 in debt, you’ll avoid paying interest on that $15 for the rest of your loan’s repayment period. Depending on your interest rate and the length of said repayment period, that $15 payment could reduce the total cost of your debt by $30 or even $45.
Plus, signing up is free and rewards are easy to earn. You can earn rewards on everyday spending, both online and in-store, or even by inviting family and friends to earn rewards on your behalf.
Sign up now—for free!–then read the infographic below to get more insights on what the $1 trillion student loan problem really means and what you can do about it.
Do you have student loans? How much do you have?
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