How to Eliminate the Two Biggest Sources of Financial Stress
The Art of Manliness
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Paying Down Student Loans
In the current college education financing scenario, income-based repayment plans lead to borrowers paying less than the full amount due, causing the unpaid portion to accumulate and increase the loan balance over time. To avoid accumulating debt, borrowers should aim to pay off their loans as rapidly as feasible, even if it involves paying more than the reduced monthly amount suggested by the plan.
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