By Georgie Miller
Are student loans the next housing bubble? They're certainly making headlines right now. The U.S. Senate recently failed to advance two bills aimed at preventing interest rates on subsidized Stafford loans from doubling on July 1.
But the current debate is over the interest rate on new loans, so only students who are still in school and actively borrowing will be affected by the outcome. As someone who's already paying her student loans, I often want to ask, "What about me?"
If you too are no longer in school and have student loans to pay back, here's an abridged guide to successfully tackling your student loan debt.
1. Understand your obligations
While you may not have fully grasped this when you were signing the dotted line as a freshmen (no judgment: I certainly didn't!), student loans aren't like other types of debt.Read the full article »