You got the degrees. Now your student loans are holding you back.
I know the feeling of having large amounts of student loan debt to pay off, with no idea where to start. Getting a handle on your student loans can be daunting.
In the U.S., navigating private and federal loans, while trying to choose a repayment plan that works best for you can be confusing.
If you have a Caribbean student loan, that’s another story.
With Caribbean student loans, you have terms and conditions that you may not understand, inadequate communication from loan servicers, and limited options for consolidation and refinancing. All you’ve heard is, “Go to school!” So you got the degrees, the high family praise, and now you have the student loan debt to match.
Here’s what you should do next:
- Learn how your Caribbean or U.S. student loans work.
- Implement strategies to pay off your student loan debt.
- Seek in-depth guidance on managing your student loans.
- Learn money tips to reach your other personal finance goals.
I created Your Money Worth to fill the gap in personal finance information and resources for Caribbean Millennial graduates.
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What to do about student loans in deferment from Melisa on Vimeo.
7 Personal Finance Books By Authors in the Caribbean & the Diaspora
February 21, 2018
Reading personal finance books is one of the key ways I increased my financial knowledge about saving, investing and paying off debt fast.
I was always able to learn new money concepts and money management strategies, from the perspectives, approaches and experiences different authors shared, on the topic … Read More
Featured – Talking Personal Finance for Caribbean Women on Secret Birds Podcast
February 15, 2018
I was delighted to talk to Jo-Ann Hamilton about personal finance for Caribbean women on her Secret Birds Podcast.
I had the opportunity to share my personal journey of paying off debt, while supporting extended family, key steps Caribbean Millennial women should take with their finances, and the importance if … Read More
How To Start Saving For Retirement Without A 401k In 3 Easy Steps
February 12, 2018
According to the report “Are Americans Ready for Retirement?”, employer-based retirement plan sponsorship rates declined to 53% in 2011. This means that almost half of U.S. workers do not have access to a retirement plan through their employer.
Still, if you are an employee with an employer-sponsored retirement plan, … Read More
Scholarship Alert: $55,000 Available for U.S. & Caribbean International Students (Accounting, Business Administration, Finance & Criminal Justice Majors of Minors)
December 15, 2017
Winning scholarships was one approach I used to get off the path to $100,000 in student loan debt and I am always happy to share an opportunity like this one, that give U.S. and International Students from the Caribbean a chance to be awarded free money, which brings me to … Read More
Scholarship Alert: Scholarship & Internship Program for U.S. Citizens & Green Card Holders from Oracle
November 29, 2017
The Oracle Corporate Scholars Program is offering the opportunity for African American undergraduate students to gain extended learning experiences through summer internships at Oracle headquarters and financial support through scholarship awards.
The scholars program is open to current undergraduate students in the United States, majoring in Engineering, Technology and Business … Read More
Scholarship Alert: $4,000+ Global Award for Interior Design Students from International Interior Design Association
November 22, 2017
The International Interior Design Association is hosting a design competition for individual and teams of interior design students around the world to submit innovative, functional and impactful projects and have the opportunity to be rewarded with one of three prizes:
- $2,500 for first place.
- $1,500 for second place.
- $750 for
… Read More
Articles and resources for managing student loans, minimizing debt, scholarship opportunities, and banking in the Eastern Caribbean.
Articles and resources for navigating U.S. Student loans. Learn about Private vs. Federal student loans, repayment plan options, consolidation, debt forgiveness and loan discharge.
Get help here if you struggle to understand your student loans, have trouble getting the right information from your lender, or you need personalized assistance setting up a payoff plan.