Stewardship Considerations
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Proverbs 22:7
The rich rules over the poor, and the borrower becomes the lender's slave.
Ecclesiastes 5:5
It is better that you should not vow than that you should vow and not pay.
Romans 13:8
Owe nothing to anyone except to love one another; for he who loves his neighbor has fulfilled the law.
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Student Loan Debt
A recent study by the National Center for Education Statistics shows that over 50% of graduate students have student loans, with an average debt of $10,000. That may seem reasonable for higher education, but will it still be reasonable when $10,000 becomes $60,000 yielding a monthly payment of over $500?
Be wise in choosing the amount that you borrow.
- Get smart about student loan debt. www.youcandealwithit.com
- Know how much debt you are in. www.nslds.ed.gov (will need a Fasfa Pin)
- Only Borrow what you NEED. (Contact Rhonda Morley for more information)
- Estimate your monthly payment.
- Make Payments on your loan before you graduate. (Contact Rhonda Morley for more information)
- Budget! (Helpful site for this: www.mint.com)
There are many ways to reduce to your debt load, but it begins with you making a wise, responsible decision.
Borrow what you need, not what you want.
