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Paying Off Student Loans: Andreas Riis Olsen by Lizelle Tyler
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Paying Off Student Loans: Andreas Riis Olsen |
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Finance & Investment,Education
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.jpg) Andreas Riis Olsen is a talented and highly educated professional in the aviation field. Education is extremely important to Andreas Riis Olsen, and he received two degrees in Aviation and Communications from different universities. In 2006, Andreas Riis Olsen graduated from Utah Valley State College with his Bachelor of Science in Aviation. Following his time at Utah Valley State College, Andreas Riis Olsen went on to immediately receive his Communications degree from the University of Utah in 2009. After his graduation, Andreas Riis Olsen accepted a position at Delta Air Lines as the Executive Account Specialist for Special Operations. Andreas Riis Olsen believes he owes a lot of his career success to his schooling; however, he knows that a good education comes at a cost. The trend of student loans is sweeping the nation, and many students fret paying off their large sums of debt after graduation. Andreas Riis Olsen offers tips on how to manage student debt and pay off the loans quickly and efficiently. - Exit counseling. Andreas Riis Olsen states that it is crucial for students to engage in exit counseling. This must be completed before leaving college. Andreas Riis Olsen notes that exit counseling will ensure that students understand their rights and responsibilities. It will also allow students to note their estimated income, which will change the payment amounts based on the level of the salary.
- Review your loans. Andreas Riis Olsen believes it is important to review your loans before payment. Andreas Riis Olsen suggests ordering your loans from those with the highest interests going down to the lowest. If you can afford to make a minimum payment, be sure to make it towards the loan with the highest rates.
- Accelerate payments. Andreas Riis Olsen warns that if you have extra cash to use it towards your student loans. Although many people will be inclined to spend their extra cash or put it in savings—use your spare cash for loan payments instead. Andreas Riis Olsen states that this will reduse the total amount of interest you end up paying.
- Ask your employer. Andreas Riis Olsen states that if you are struggling to pay off your loans, employers will often cover the expense. Some companies will offer compensation packages where they lessen your salary and make a onetime payout towards your debt. Andreas Riis Olsen recommends that if you have recently graduated to bring this option up during salary negotiations.
RESOURCES: http://www.realsimple.com/work-life/money/how-to-pay-off-student-loans-00100000077561/page2.html
http://learn.bankofamerica.com/articles/managing-credit/10-tips-for-paying-off-student-loans.html
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Andreas Riis Olsen, student loans,
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