CliffsNotes Graduation Debt: How to Manage Student Loans and Live Your Life PDF
Preview CliffsNotes Graduation Debt: How to Manage Student Loans and Live Your Life
Get a plan to manage student loan debt! “Gobel writes in a straightforward, matter-of-fact way that makes it easy for the reader to understand the nuances of student debt without feeling overwhelmed. This book is full of relevant information that is organized perfectly for someone who wants a quick but thorough understanding of how to repay student debt in an effi cient yet manageable way.” —Erin Joyce, Managing Editor, Investopedia; President and Owner, E3 Writing Services Graduation Are you up to your eyeballs in student loan debt? You aren’t alone! This trusted guide gives you a step-by-step road map for getting out from under student loan How to Manage Student debt while keeping the rest of your fi nances on track. You’ll get expert advice on how to: Debt Loans and Live Your Life • Evaluate your student debt situation • Organize your student debt payments • Consolidate your federal loans • Manage your private loans and payoff strategies • Budget for your lifestyle and your loans • Pay off your non-student-loan debt • Understand how your debt looks to lenders • Budget during infl ation, layoffs, pay cuts, and career changes • Pay off your student loans early • Evaluate Your Student Debt Situation Reyna Gobel, M.B.A., M.J., is a freelance journalist who specializes in • Consolidate Your Federal Loans fi nancial fi tness. Her fi nancial advice appears regularly on www.investopedia.com and Yahoo! Finance, as well as other print and online outlets. • Manage Your Private Loans and Payoff Strategies $14.99 US/$17.99 CAN • Pay Off Your Non-Student-Loan Debt Visit us online @ CliffsNotes.com® Reyna Gobel, M.B.A., M.J. 506899_cover.indd 1 9780470506899_RB3.PDF 2/3/10 2:18 PM How to Manage Student Loans Graduation Debt and Live Your Life Gobel 01_506899-ffirs.indd i 2/16/10 10:03 PM Graduation Debt 01_506899-ffirs.indd i 2/16/10 10:03 PM 01_506899-ffirs.indd i 2/16/10 10:03 PM Graduation Debt How to Manage Student Loans and Live Your Life by Reyna Gobel 01_506899-ffirs.indd i 2/16/10 10:03 PM ® CliffsNotes Graduation Debt: How to Manage Student Loans and Live Your Life Copyright © 2010 by Reyna Gobel. All rights reserved. Published by Wiley Publishing, Inc., Hoboken, New Jersey No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http:// www.wiley.com/go/permissions. Wiley, the Wiley Publishing logo, and related trademarks are trademarks or registered trademarks of John Wiley & Sons, Inc. and/or its affiliates. All other trademarks are the property of their respective owners. Wiley Publishing, Inc. is not associated with any product or vendor mentioned in this book. The publisher and the author make no representations or warranties with respect to the accuracy or completeness of the contents of this work and specifically disclaim all warranties, including without limitation warranties of fitness for a particular purpose. No warranty may be created or extended by sales or promotional materials. The advice and strategies contained herein may not be suitable for every situation. This work is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If professional assistance is required, the services of a competent professional person should be sought. Neither the publisher nor the author shall be liable for damages arising here from. 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Library of Congress Cataloging-in-Publication Data: Gobel, Reyna, 1977- Graduation debt : how to manage student loans and live your life / by Reyna Gobel. p. cm. ISBN-13: 978-0-470-50689-9 ISBN-10: 0-470-50689-X 1. Student loans. 2. Education, Higher--Finance. I. Title. LB2340.G63 2010 378.3’62--dc22 2010002930 Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 Book production by Wiley Publishing, Inc., Composition Services 01_506899-ffirs.indd iv 2/16/10 10:03 PM Peggy Engel, Dr. James Conover, Grace Freedson, and Jeff Inman; my family; and my Miniature Schnauzer, Mauser. Without any of these people—or my dog sitting behind my office chair to keep me from getting up while writing—this book wouldn’t have happened. 01_506899-ffirs.indd v 2/16/10 10:03 PM 01_506899-ffirs.indd vi 2/16/10 10:03 PM Acknowledgments Thank you: Peggy Engel, my mentor, for believing a book on repaying student loans needed to be written, and that I was the one who should write it. Grace Freedson, my literary agent, for sticking by a first-time book author through fruition. Greg Tubach and the rest of the gang at Wiley for giving me the honor of writing under the CliffsNotes brand. Adrienne Fontaine and Malati Chavali, for helping me get the word out that this book exists. And, of course, my editor, Lynn Northrup, who kept my writing on track when I started to go off on tangents. My interviewees, who agreed to talk conversationally about their subject of expertise: Tom Harnisch, Barry Paperno, Robbi Ernst III, Mar- tha Holler, Patricia Christel, Debby Hohler, Jim Southwell, Bob Mei- ghan, Teri Gault, Chelsea Marti, Tony Bambacino, and Dr. James Conover. My real-life interviewees, who trusted me enough to share their debt stories: Dawn, Melissa, and Kristen and Erik. All the editors who let a former and still occasional entertainment and pop culture writer near the subject of personal finance, especially Glenn Rosen, Carin Hughes, Tara Struyk, Erin Joyce, and Lisa Ocker. My mom and dad, who taught me to find a way to help others, and to do math problems without a calculator. My husband, who supports me in everything that I do, including tell- ing a few stories from our relationship in this book. My journalism professors, who tolerated me in class and taught me a thing or two: George Getschow, Dan Malone, Katherine Jones, Dr. Land, Dr. Koehler, and Dr. Lambiase. Stephanie Babyak and Jane Glick- man, for their invaluable research help on student loan regulations. My first writing mentor, Jeff Inman, who was the first person who taught me how to write well. Finally, I’d like to thank my co-worker, my Miniature Schnauzer, Mauser, who sat behind my chair every day while I wrote this book— except when barking at whoever dared to walk by our home or at me when he craved attention, a treat, a walk, or a car ride. vii 01_506899-ffirs.indd vi 2/16/10 10:03 PM 01_506899-ffirs.indd vi 2/16/10 10:03 PM
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