College Admissions Expert Elizabeth Levine: Paying Back Student Loan Debt


Make text smaller Make text larger



Photos



  • Elizabeth Levine



How do you know what you need to Earn in order to Pay Back Your Student Loan Debt?

A 24-year old young man called me who has $50K of student loan debt and a $750 monthly payment that he can't afford. Although I am not a debt counselor, only pro actively help families and students navigate through and understand the financial aid process, I helped him to understand the potential ramifications if he chose to default on his loans.

I've attached a link below that shows a student how much they have to earn in order to pay back a designated amount of a student loan. It also outlines if you specify what you earn how much student loan debt you can support. It's an excellent tool that I feel every family should review prior to deciding how much debt their child or their family should take on.

http://mappingyourfuture.org/paying/debtwizard/#debtWizard

If you have any questions about the college admissions process or the above information please do not hesitate to contact me at info@signaturecollegecounseling.com or by phone, 845.551.6946.

Elizabeth Levine
Signature College Counseling is an Orange County, Hudson Valley based company
that works one on one with students and their families in navigating the admissions process so you attend the college that is right for you.
845.551.6946
Ask The College Admissions Expert a Question
www.signaturecollegecounseling.com

Make text smaller Make text larger

More From The Ask The Expert

  • Firearms Safety Expert Jimmy Cosenza: Ammunition
  • Quickbooks Expert Rochelle Dejong: Outsourcing your Accounting
  • College Admissions Expert Elizabeth Levine: Getting a Jump on the College Search
  • Firearms Safety Expert Jimmy Cosenza: Preparing Firearms
  • Quickbooks Expert Rochelle Dejong: Benefits
  • College Admissions Expert Elizabeth Levine: College Essay Writing
  • Quickbooks Expert Rochelle Dejong: Working in Office
  • College Admissions Expert Elizabeth Levine: Net Price Calculator
  • Quickbooks Expert Rochelle Dejong: Software
  • College Admissions Expert Elizabeth Levine: Evaluation in the College Admission Process
  • Quickbooks Expert Rochelle Dejong: Outsourcing
  • College Admissions Expert Elizabeth Levine: Demonstrated Interest
  • Quickbooks Expert Rochelle Dejong: Income Tax Preparation
  • College Admissions Expert Elizabeth Levine: Tax Returns and Financial Aid
  • Quickbooks Expert Rochelle Dejong: Outsourcing your Accounting
  • College Admissions Expert Elizabeth Levine: Paying Back Student Loan Debt
  • College Admissions Expert Elizabeth Levine: FAFSA Mistakes
  • College Admissions Expert Elizabeth Levine: FAFSA
  • College Admissions Expert Elizabeth Levine: ACT vs. SAT
  • College Admissions Expert Elizabeth Levine: SAT Scores vs. ACT Scores
  • College Admissions Expert Elizabeth Levine: Preparing for College Visits
  • College Admissions Expert Elizabeth Levine: Best Paying Careers
  • College Admissions Expert Elizabeth Levine: Saving for Your Child's Education
  • College Admissions Expert Elizabeth Levine: Financial Aid Deadlines
  • College Admissions Expert Elizabeth Levine: Preparing to Apply to Colleges
  • College Admissions Expert Elizabeth Levine: College Cost vs. Earnings of Graduates
  • College Admissions Expert Elizabeth Levine: Financial Aid Myths
  • College Admissions Expert Elizabeth Levine: Help with Student Debt
  • College Admissions Expert Elizabeth Levine: Letters of Recommendation
  • Comments

    Pool Rules



    MUST READ NEWS

    Owen Chambers earns the 2017 'Michael J. Finnegan' Scholarship Fund Award
    — Owen Chambers, a senior from the 2018 Monroe-Woodbury High School graduating class, received the 2017 "Michael J.
    Read more »
    Image

    Robert C. Wilson installed as assistant pastor at St. Paul Lutheran Church
    MONROE — Pastor Robert C. Wilson was ordained and installed as assistant pastor at St. Paul Lutheran Church on Sunday, Jan. 14.
    Read more »
    Image

    Crusaders fall to 11th ranked Our Lady of Lourdes by a score of 61-41
    POUGHKEEPSIE — The Crusaders traveled to Poughkeepsie to take on the Warriors of Our Lady of Lourdes High School on Saturday, Jan.
    Read more »
    Image

    Mystics Purple Mid Winter Classic champs
    Photo provided
    by Michael Fontana
    The MWUSC GU9 Mystics Purple won its bracket at MWUSC's annual Mid Winter Classic held at the Hudson Valley Sports Dome over the...

    Read more »
    Image

    VIDEOS



    * indicates required
    Community Newspapers


    MOST COMMENTED



    Weather in Monroe, NY