BYE Student Loan Debt
Learn How to Empower Yourself by Eliminating Your Student Loans
Daniel J. Mendelson
This book can be downloaded and read in Apple Books on your Mac or iOS device.
n 2016, 70% of college graduates exited school with student debt - equivalent to 43 million student loan borrowers. Together, these students carry over $1.4 trillion dollars in loans, which continues to grow at a rate of about $3,000 per second! The average 2017 graduate will leave school with over $37,000 in debt and an average payment of over $350 a month.
BYE Student Loan Debt was created by author Daniel J. Mendelson to tackle this epidemic. He and his wife accumulated nearly $150,000 in student loan debt through a combined 14 years of secondary education. By sticking to the principles outlined in this book, they eliminated this debt in just 5 years! This provided the inspiration to share their story so that others could follow the same steps they used to rapidly eliminate their debt. This interactive online book is linked to online calculator tools that when paired with the simple process outlined in the book, allow for a customized repayment solution.
If you or someone you know is saddled or soon to be saddled with this burden, BYE Student Loan Debt is the book for you! For those that are already in student loan debt, this book will show you the fundamentals of how to understand, manage and eventually eradicate your debt. For those yet to take out loans, the book will highlight the principles required to minimize your debt burden and prevent a lifetime of student loan payments.
Within these chapters, you will learn to 1) Organize your loan situation and set realistic goals 2) Create a budget and make a plan 3) Bargain hunt for favorable loan consolidation terms 4) Execute a loan plan by prioritizing the most costly loans first 5) Employ programs to alter, delay, or have loans completely forgiven 6) Save and invest for your future 7) Prevent student loan debt from the beginning of your education 8) Customize a loan repayment plan with interactive online calculators.
BYE Student Loan Debt
This book provided me with a easy process to guide me through eliminating student debt I have for my children. I found it to be very effective. The book presented many solutions on how to quickly eliminate student debt. The book has changed my financial health is I highly recommend this for anyone that has or knows anyone with student debt.
Step by Step Book with Lots of Examples
This book is great. It gives clear cut examples of how to get rid of student debt (and for that matter, it’s useful for ANY kind of debt). I’ve already given several copies out to friends and family members who I thought could benefit from reading it. It’s not overwhelming, like other books I’ve looked at, because it approaches the matter in a step-by-step manner, which I think comes naturally as it follows the steps the author took (including his missteps that he warns readers about). He also uses a lot of charts and graphs, which I found useful when trying to digest each scenario as it becomes more complex, with greater variables (changing interest rates, for example, or payoff timeline goals).
Even if this book isn’t applicable to your student debt situation, it’s a fantastic book to give as a gift. There’s no greater gift to give than empowering your friends with the knowledge on how to end the vicious cycle of debt.
A perfect guide.
This book is a must read for anyone with student loan problems. I learned how to put together and execute an easy to follow plan based on my repayment goals. The online calculators helped me to define my goals and understand how extra payments and reconsolidating could make huge impacts on how long I was in debt and how much I paid. It also allowed me to begin planning for life after debt. If only I had this book 5 years ago, I might be debt free already!