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Old 05-29-2006, 09:22 AM
story3girl story3girl is offline
$ Saving Sixth Grader
 
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Default Re: Paying off Debts

I agree with what Trillian said - apply for ANY grants and scholarships you can find. Most people do that before they start school, but then stop once they're in school. There are plenty of scholarships for juniors and seniors.

Also, are you taking summer classes to get you out of college sooner? If you can get college down to 3 or 3.5 years that's a HUGE savings in how much student debt you have to take on, and it's that much sooner that you can start earning a bigger income.

Kudos to you on trying to pay these off now! As for your original question, if I were you, the FIRST item on my list would be saving for the fees and books for fall semester so you can stop charging them. Then I would pay the interest only on the unsubsidized loan, nothing on the subsidized loan, and pay off the credit cards B first and then C, and then if you're still making headway (which, with your energy, you may be) start on the unsubsidized loan. Since there are no minimum or required payments on the student loan you'll have to keep on top of yourself to keep up with the interest. Are these direct loans? If so, do you know you can monitor them online?

Good luck! And thank you, you inspire me!
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