One question I’ve been asked lately by some friends is “Can I pay off my student loans while attending college?”
The answer is yes. It is possible to start paying off your student loans while you’re still attending classes. In fact, it is actually recommended that you do make payments on your student loans as often as you can afford.
This minimizes the overall impact the student loans will have after college. If you can at least pay off the interest on your student loans, you prevent the loans from growing more than they would otherwise.
Paying off your student loans while attending college can really reduce the number of years you will be making payments on your loans, leaving you more time to build your savings or investments.
You’ll be able to afford to take care of your family easier and maybe even be able to handle a mortgage that you may not have qualified for previously.
If you have an established income when you start college, you have the upper hand over other students. Working full or part-time or working as your own boss may be a bit of an overload while attending college classes but the payments you’ll be able to make are worth it.
Don’t have an established income? That’s okay!
If you don’t currently have an income and you’re attending college classes, there are a few things you can do. You can try and get a part-time or full-time job that hopefully pays more than minimum wage…or you can try and work for yourself.
Working on the internet is quickly becoming the norm. Over the years, many different methods of making money online have been developed. Those that currently work in the industry call it “internet marketing”. Don’t be afraid of the term. If it makes you feel better, think of it this way…working online makes you an “online entrepreneur”.
One of the easiest methods of internet marketing is called “affiliate marketing“. This is where you find companies with affiliate programs in which you promote their products and get a commission on the sales made through your affiliate link.
It’s really quite easy. You just pick a niche, make some content, promote a product, and let the traffic flow to your work. If you really want to learn about affiliate marketing, I recommend joining an online community.
The community that I’m a part of is called Wealthy Affiliate University. It’s a great affiliate marketing community with helpful and motivating people from all around the globe. In the Wealthy Affiliate University, they teach you everything you need to know to make money online.
If you’ve never made a website before, they can show you how to create one in under 30 seconds. No lie! The process has been streamlined and these days you don’t need to be a coding expert to have a successful website.
If you want to see my personal review of Wealthy Affiliate University, click here.
There are other options you can take with internet marketing, but this is by far the easiest route. I really think it’s worth your time and effort.
That’s all for now.
Are you making payments on your student loans while attending classes? Do you know someone else who could use this information? Feel free to comment and share. And don’t forget, if you have any questions, I’m here to help.
Thanks for reading! See you next time.