Caps and gowns are now hanging in the closet and the Class of 2012 is facing a larger hurdle — paying off student debt.
Student loan debt has now topped $1 trillion, and the price of college isn’t getting any cheaper. But everyone has their own tips and tricks for paying off student loans. We recently published an article by Eric Bell, founder and editor-in-chief of personal finance site YoBucko.com, in which Bell explained how he was planning on paying off his $120,000 in student loans and a few commenters even added their own strategies as well.
With all of that advice out there, we decided to highlight some of the best student loan advice available on Twitter.
@kclarkcollege
Sample Tweet
What’s the best journalism you’ve seen recently on #highered finances – # college revenues, costs, prices, budget cuts etc.?
— kim clark (@kclarkcollege) May 29, 2012
Why She’s Great
Our friends at Money magazine recommended their college expert, Kim Clark, as a student loan guru, and we couldn’t agree more. Clark is constantly responding to readers and always on top of the latest news in student debt. Also, she’s great about asking her readers what they’re talking about, as you can see in the sample tweet we’ve included.
[Credit Score Tool: Get your free credit score and report card from Credit.com]
@mkant
Sample Tweet
Ask Kantro: How will a Parent’s Financial Troubles Affect the Student’s Eligibility for Student Loans?: <p><p><b… mnstr.me/KLIozi
— Mark Kantrowitz (@mkant) May 7, 2012
Why He’s Great
If you haven’t heard of Mark Kantrowitz, then it’s our pleasure to introduce you a fantastic financial aid resource. Kantrowitz has two sites — FastWeb.com and FinAid.org — and both are dedicated to helping students find the best means of paying for college, whether through loans or scholarships. His twitter feed is especially helpful since he responds to readers and tweets out his most recent column. While some of the student loan tweeters we’re highlighting deal with how to pay back loans after you graduate, Kantrowitz focuses on helping students avoid taking on more debt than they need through optimizing scholarships.
[Student Loans: Research and compare options for student loans at Credit.com]
@TCBmoney
Sample Tweet
The aid gap: Why grants can’t keep up with tuition spikes via @moneycollege http://ht.ly/1NXab
— TheCampusBuzz: Money (@TCBMoney) May 21, 2010
Why They’re Great
TheCampusBuzz is a great resource for college students, with their main twitter feed residing @TheCampusBuzz. But their hub for student loan advice and tips is @TCBmoney. We love this feed for the fact that it aggregates all of the college money stories every student should read from all of the major news sites. It does the work for you!
[Credit Score Tool: Get your free credit score and report card from Credit.com]
@GOOD
Sample Tweet
Quebec’s $325 per year college tuition increase seems reasonable, but Canadian students are smart to be upset: bit.ly/KgSVpV
— GOOD (@GOOD) June 1, 2012
Why They’re Great
Good is the Twitter account for the Good.Is site. This site really takes education seriously and features stories from all over the world about education costs. Good mixes quality journalism with student advocacy and makes its Twitter account a great forum for featuring some its most interesting and thought-provoking tweets on education reform and finance. Want to engage with new ides about student loans? This is the feed for you.
[Student Loans: Research and compare options for student loans at Credit.com]
@BIYourMoney
Sample Tweet
Four Years After Graduating Law School, This Woman Is Still On Food Stampsby @melhicken read.bi/N3Ftpt
— Your Money (@BIYourMoney) June 1, 2012
Why They’re Great
Want real-life stories and unconventional takes on how to pay down debt? The twitter feed from the Your Money section of Business Insider is a great place to find that. We love the focus this Twitter feed has on showing, not telling. The stories of real people in debt from student loans are interesting, unique, controversial (at times) and can give readers good ideas for rethinking how to pay down loans.
[Credit Score Tool: Get your free credit score and report card from Credit.com]
Image: Herkie, via Flickr
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