PrimeWay Blog

College May be a Blast, but Paying College Loans Can be a Bust

Written by PrimeWay | Jun 9, 2015 3:00:00 PM

We’ve all heard it said, “College is the best time of your life…”

But for those who face debt from student loans, the “good times” may be over all too quickly. With a mountain of $30,000, $40,000 (or more) college loan debt looming out ahead of them, graduates often go from being excited about their accomplishment to feeling disillusioned as they look at the steep uphill climb of paying off that debt.

It’s all too easy to begin making your minimum payment and end up on auto-pilot, treating your student loan bill like your cellphone bill or rent payment. However, you might be leaving money on the table by using the loan company’s bill pay service.

Here’s some mountain climbing advice in order to make paying college loan debt from a position of financial “fitness.”