Home
College Loan Updates
FAFSA
Pell Grants
Federal Loans
State Programs
Private Loans
University Loans
Bad Credit Loans
Parent Loans
Quick Student Loans
Repayment
About/Contact
Reduce Loans
Loan Help
Financial Aid Search
tax credits
Credit Unions
More Aid?
Calculators

[?] Subscribe To This Site

XML RSS
Add to Google
Add to My Yahoo!
Add to My MSN
Subscribe with Bloglines

 

Dread Paying Off Student Loans
in a Recession Cycle?

Paying off student loans- The theory is that once you get your degree, you'll get a good-paying job that will allow you to pay off those 'low-cost' loans.

But recession-proof jobs are not easy to find.

Why not play it safe? Have a separate, dedicated income source just for paying off student loans. So that in this recession cycle:

  • you won't have the threat of student loan default or garnishment hanging over you
  • you won't have to run away to grad school to hide (and probably incur more debt)
  • you won't have to take the first low-paying (but, hey its a paycheck) job opportunity

If you had a monthly income in place, earning a steady, reliable amount (and growing all the time) you wouldn't have to worry about your student loan debt.

paying off student loans

So, what's your plan?

If you don't have a plan, here is my suggestion for a way to begin. I do get compensated if you take this advice, because I have an affiliate relationship with SBI. All links to SBI information on this page are COMPENSATED AFFILIATE LINKS.

Business Course Training For Your Recession-Proof Business

If you've checked out my sitebuilding tools page, you know that I use SBI for this site and that I highly recommend it for anyone who wants to learn how to make a business that will earn a steady income.

Well, SBI is now being taught as a business course in over 40 colleges and universities (including The Citadel and Penn State.) Their students finish this course with more than college credit- they have a viable, thriving business that can continue to grow.

But SBI is not just for business majors- it can be for everyone and anyone.

It allows anyone with any interest, passion or desire to learn, to turn that into a business with global reach.

If you have student loans (or are planning to get them) and you go to one of these schools: (a partial list)

  • University of Arizona
  • University of Alaska
  • Thomas More College (Kentucky)
  • Truckee Meadows Community College (TMCC)(Nevada)
  • Lane Community College (Oregon)
  • The Citadel (South Carolina)
  • Trident Technical College (South Carolina)
  • Austin Community College (Texas)
  • University of Wisconsin

-take the course. You'll get college credit and a business that will earn you money.

But if you do not go to one of these schools, you can still learn how to start your own business that will help with paying off student loans.

If you're a self-starter, someone who likes to do things independently, you can simply go ahead and order the original SBI and start building a business by focusing on whatever it is you love to do.

But, if you are the sort of person who learns best in a classroom environment, now SBI has introduced its own elearning program.

It is the exact same course taught in the schools listed above, but now every student (or parent) can take it and use it to help with paying off college loans, without attending those particular schools. (Anyone can take this course, but it is a course so it seems to be a perfect fit for students paying off student loans.)

I understand that another course right now may not be the thing you most want to do. But when you signed up for student loans, you committed yourself to a harder path than those who decided against them.

Its better to make a business plan now, than have to deal with them when you're forced to. The sooner, the better.

And this course is different- this one allows you to focus on whatever it is that you enjoy doing. It does not matter if you've never taken a business course in your life. You'll have plenty of support- it will not be simply watching a video, or downloading files that you can't talk back to or ask questions of.

There is a live instructor and classmates to interact with. It is an online course (which makes it easier to narrow your focus and concentrate, because you control your environment in a virtual classroom).

Developing a web business for paying off student loans also allows you to use what you've learned to earn a living.

One thing this recession has done is to make people question whether or not a college degree is worth the money- because many graduates cannot find work in their fields. With SBI it is possible to make a website using the skills and knowledge you gained from your college courses (or simply your own life experiences) to create something unique.

So the knowledge and skills you've gained in college will not be wasted. You can take them and make a future for yourself, instead of pinning all your hopes on the perfect job waiting for you at graduation.

SBI allows you to explore creative ways to make money and to use your knowledge/expertise/experience, also.

And if you think you have nothing to offer that people would want, you are wrong. Everyone has their own unique, individual perspective and somewhere on the internet, people are searching for what you can share.

The good thing about developing a web business is that these are pretty much recession-proof businesses. Few people are canceling their internet subscriptions to save money. Everyday, people use the web to:

  • find the best deals on products
  • look for jobs
  • find whatever services they need
  • search for information
  • or, just surf around to see what's good

If you supply what they are looking for, you can be rewarded with an income that will help for paying off student loans.

Your business does not have to take over your life- you can take the course with a starting goal of making enough income for paying off student loans. When that's accomplished, you can decide just how far you want to take it.

If there are other things you want to do, your business should continue to make money even without much time put into it. (It would have to, to allow you to keep making those payments.)

This is a 12-week course and it includes a full year of SBI membership with all its tools and cutting-edge resources. And I believe you do need them if you want to build a business and not just a "site". A real income comes from a real business..

But, don't plan on purchasing SBI ($299 USD) or signing up for the e-course ($698 USD) unless you are willing to do your homework and follow through. This is not a get-rich-quick scheme. It takes time and effort to build a business.

If you have any problems, you'll have access to plenty of help- from your instructor or from experienced SBIers in the forums. You can even get personalized help from a coach if you need it.

But the most important thing you need to succeed with SBI is a commitment to follow through. Don't just join and put it aside. Nothing will happen by itself; your business needs you to make it grow.

If you have any questions, you can ask here.

Or are you ready to:

SBI! eLearning


collegeloanconsultant There are other ways you can develop a second income for paying off student loans. (And a separate income, regardless of how you accomplish it, is your key to doing this painlessly.)

But a web business allows you to set your own hours- working it when you have the time. It gives you the flexibility to adapt it to changing circumstances- like a recession.

And the added income you can earn using elearning means you won't have to live like a student,forever.


return from paying off student loans to loan payment formula

return from paying off student loans to college loan consultant homepage


footer for paying off student loans page