Loans. A classic example of ‘necessary evil.’ It comes with risk, yet people take loans hoping to improve their financial condition.
While the number of loans is increasing, the number of defaults is also increasing. For instance, 7.8% of all student loans are in default. Whenever a person defaults on a loan; it drastically affects their financial condition.
So, as a ‘look before you leap’ strategy, we suggest these important questions that will change how you approach loans.
We actually have 32 Questions to Ask Before Taking A Loan!
It’s crucial to unfold every aspect of the loan before taking one and planning a strategy to repay it. The questions suggested in this article are some crucial aspects of loans that should improve your way of taking and maintaining loans. So, read on!
Loans – What Are They?
A loan is a form of debt. This is known as a loan when you borrow money from someone or any institution to repay the principal and a certain amount of interest at an agreed date.
A loan is granted subject to a set of terms and restrictions. Each party must accept those conditions. Most of the time, the lender may want to use collateral to protect the loan. And occasionally, it might be unsecured.
Types of Loans
The lender may let you borrow the money with only your agreement to repay it, or they may ask for collateral.
This determines whether you may categorize loans as secured or unsecured.
● Secured Loans
Assets are used to secure loans. The loan’s collateral is those assets. Collateral is an assurance that you will repay a loan following the terms set forth. As part of the secured loan process, you give consent for your lender to sell the asset you pledged. It only occurs when you cannot make payments, and the lender can get his money back.
● Unsecured Loans
Unsecured loans are not reliant on your possessions. The lender cannot automatically seize your property as a loan payment. But if you don’t pay, lenders may take other actions. For instance, he might sue you for not paying and possibly deduct money from your paycheck.
The type of loan you choose depends on your business needs and goals. For example, you may want a longer repayment period for a secured loan to have more time to repay the loan. Or, you may need a smaller loan amount that an unsecured loan can provide.
You can take out 16 different types of loans, which fall into the categories of secured and unsecured.
Here is a chart that will allow you to comprehend the categorization quickly:
|Secured and Unsecured Loans
|Home Equity Loans
|Debt Consolidation Loans
|Small Business Loans
|Pawn Shop Loans
Benefits of Loans
Loans may seem negative, yet there are some advantages to them that we can’t ignore. Even if you don’t have cash on hand, it still helps you get out of financial trouble. As we previously stated, there are two main categories of loans: secured and unsecured; each has a unique set of advantages.
Here are a few significant advantages of both secured and unsecured loans:
Advantages of Secured Loans
- You can borrow more significant sums of money than unsecured loans.
- You can receive a loan with a longer repayment duration. Some lenders may give you up to 25 years to repay.
- Compared to unsecured loans, interest rates are lower as the lender has access to your asset, which lessens his risk.
- Good credit is not always required. The asset takes care of that.
- Those who qualify can deduct interest paid on certain secured loans from their yearly taxes.
- To safeguard it, you don’t need an asset. So, anyone who is older than 18 can take one.
- These loans can be used to consolidate another loan or build your credit, pay for different purposes, start your business, or buy land. There are not many limitations.
- An unsecured loan application process often moves considerably more swiftly than a secured loan.
- Depending on the amount borrowed, the repayment period’s length may change.
- Some lenders allow repaying the unsecured loan without any penalties.
Drawbacks of Loans
Loans have advantages and disadvantages that should be considered before taking one out. Before you take out a loan, keep the following disadvantages in mind:
- Secured loans are only available to borrowers with sufficient assets; if you default on your payments, your asset may be at risk.
- If you fail to repay, that leads to the loss of assets and severely damages your credit scores.
- You can have variable interest rates, which change over time, increasing the cost of borrowing.
- There is no flexibility to pay smaller amounts. The monthly payment figure is fixed.
- You may not borrow enough money as per your need.
- Lenders may not offer you a more extended repayment period in unsecured loans.
- The interest rates are typically higher than secured loans as no collateral lessens lenders’ risk. This means you will pay more over the loan’s term than you would have paid for a secured loan of the same amount
- To get an unsecured loan, you need a good credit score.
- In unsecured loans, you have to pay a fixed amount per installment. There is no flexibility, such as you pay a higher amount one month and a smaller another.
32 Important Questions to Ask Before Taking A Loan
Taking a loan implies you agree to repay it within a specific time frame and at a certain interest rate. Failure to keep those promises could lead to serious financial problems. You could lose your asset, or your credit score could get worse.
Before signing the agreement, consider how the loan might affect your future finances. You don’t want to take a bad chance and guess whether you can afford the payment, how it will affect your expense-income ratio, or whether it will fit into your budget.
So, while you want to accept the loan money without hesitation, take a moment and ask yourself these thirty-six questions:
1. Why Do You Need a Loan?
It may seem a simple question, but it is one that many borrowers overlook. But, in my opinion, you should ask yourself this question first because when you try to find loan purposes, it may lead to other crucial questions you’ll need to answer.
Identifying the loan purposes will assist you in locating a loan with flexible terms that fit your requirements and financial situation. For instance, if you need a loan to pay your tuition, you should look for student loans rather than personal loans.
Student loans are designed for students and their needs, whereas personal loans have no such benefits.
2. What are the Main Components of a Loan?
Before you make any decisions about taking out a loan, you must understand the fundamental components underlying loans. All loans consist of four basic components: Principal amount, interest rate, security, and term.
The principal is the initial loan amount in the context of a loan. It could also be the loan balance. For example, the principal of a $20,000 personal loan is $20,000.
The interest rate is the lender’s fee for using their money. In most cases, the interest rate is a tiny percentage of the loan balance. Fixed and variable interest rates are the two types of interest rates.
- Fixed Interest Rates: Fixed rates are simply fixed and unchanging. If you take out a loan with a fixed interest rate of 6%, the interest rate will remain at 6% for the duration of the loan.
- Variable Interest Rates: Variable rates fluctuate over time and are typically based on a benchmark market rate, such as the prime interest rate. If you take out a variable rate loan at prime +3, you will pay 3% more than the prime rate, regardless of what it is.
The Security Component
What you put against your loan to your lender as collateral is the security component. For example, your home equity or the value of your car. The lenders evaluate this component to minimize their risk in lending you money. If you fail to make payments, they can take away what you put up as collateral and sell it to recoup some of their losses.
The term of the loan means the total time you’ll get to repay your loan. It depends on the loan amount and the lenders’ policy. The shorter the term of your loan, the higher your monthly payment will be. The longer the term, the lower your monthly payments will be, but you’ll pay more in interest over time.
3. What to Consider Before Taking a Loan?
When applying for a loan, you must consider elements like your credit score, interest rate, and other fees. You can choose what works out best for you by considering these factors. Considering these factors should keep you from making errors like picking the incorrect lender, choosing an uncomfortable term, or borrowing more money than you require.
Things you need to consider before applying for a personal loan:
- Your credit history
- The market’s interest rates
- Your monthly expenses
- Your needs.
- Your capacity to pay back the loan.
- Gimmicky deals and schemes out there.
4. How Much Loan Do You Need?
Before you sign the agreement, ensure you have a good insight into how much money you need. If you have difficulty finding out, you can make a monthly cash flow projection.
That should help you approach the lender more confidently and make them believe you know your business well.
5. How Much Will the Loan Help Your Cause?
You should ask this critical question right after the preceding one. You may obtain the desired loan amount, but you may still be in the same situation.
For instance, suppose you own a small business and have borrowed $20,000 to cover salaries and other operating expenses. This loan will not be of great assistance to you. Instead, use borrowed funds to increase revenue through sales and marketing.
6. Is Your Lender Trustworthy?
In a loan, the borrower is not solely responsible for the debt. The lender must demonstrate its credibility and bear the same burden.
No matter how urgently you require a loan, you should never accept one from a scammer or someone with an adverse credit history. To choose the most acceptable lender, it would be great if you look for these characteristics:
- Experience and credibility
- Prompt and effective documentation
- Quick Response time
7. How Do You Want to Pay Your Lender?
You must consider how you want to pay your lender. This question is important to your borrowing strategy. There are several wise guidelines to adhere to for smart loan payment strategies like quick debt relief:
- Make bi-weekly payments.
- Round up your payments.
- Try to find extra money.
- Make one extra payment.
- Refinance your loan.
8. What is Your Loan Term?
One of the most important questions you should consider before taking a loan is your loan term. As described before, the loan term means the time you can take to repay your loan. The term establishes the length of the borrower’s obligation, the number of monthly loan payments, and the total cost of the loan.
You must choose whether you want smaller monthly payments or want to pay off your loan sooner when deciding on the loan’s terms and size. Compare the interest rates for each term you can think about as you decide. You can better grasp the actual cost of your loan alternatives by comparing loan terms.
For example, if you take out a $100,000 authorized loan with a 4% interest rate and want to pay it back in 10 years, your monthly payments will be $1,012.45.
At the same time, if you took out the same loan but wanted to pay it back in 30 years, your monthly payments would be $477.42.
While your monthly payments would be lower with the longer loan, you’d end up paying $50,375.34 more in interest over the life of the loan.
To compare loans, think about:
- How much can you afford for monthly payments?
- The total cost of the loan
- The interest rate
- The length of time you need to repay the loan
Remember that you can use a loan calculator to estimate your monthly payments, the total cost of the loan, and more.
9. How does Loan Repayment Work?
Repaying a loan entails giving the lender the principal amount plus interest. Principal and loan interest payments are made in periodic equated monthly installments (EMIs).
Deferred EMI payments, step-down/flexible repayment plans, step-up repayment plans, loan foreclosure, etc., are other choices.
It will be beneficial if you keep in mind that the repayment options would differ depending on the type of loan, the terms and conditions of the lender, and other elements. It will help if you research the different loan repayment options and whether or not they align with your financial strategy.
For example, if you have a home loan, you could choose to make regular EMI payments or opt for a step-down repayment plan. Under this plan, your EMIs would start off high and then gradually decrease over the tenure of the loan. This could be beneficial if you expect your income to decrease over time.
Alternatively, you could also choose a step-up repayment plan, where your EMIs start off low and gradually increase over time. This could be beneficial if you expect your income to increase over time.
Loan foreclosure is another option, whereby you pay back the entire loan amount in one lump sum. This could be beneficial if you come into a large sum of money unexpectedly.
10. Can You Pay off the Loan in Full Earlier, and is There an Early Settlement Fee?
You take out a loan intending to pay it off early to reduce the total interest, and you know it’s a great idea—until you find out that lenders can levy an early settlement fee in these circumstances. Shocked?
Since lenders lose money on interest when borrowers pay off loans early, they frequently impose this fee. For example, let’s say you have a $300,000 mortgage with a 4% interest rate. You’re paying $14,000 a year in interest. But then you get a great job offer in another city and decide to buy a home there. You’ll need to pay off your old mortgage before getting a new one, so send your lender a check for $285,000.
Your lender might charge an early settlement fee of $10,000 on that $285,000 payment—even though you’re still paying off the entire loan amount, and you’re doing so ahead of schedule! In this case, you’d be better off refinancing your mortgage so that you can move without paying a hefty fee.
To avoid paying an early settlement fee, do your research before taking out a loan. Ask your lender about their policies and ensure you understand your loan agreement’s terms. That way, you can be prepared for any fees that may come up—and avoid them if possible.
11. What is the Interest Rate on Your Loan?
The interest rate is one of the essential factors in the loan concept because it is one of the critical elements of a loan. If you have two possibilities for borrowing money and the capital is the same in both cases, the capital with the higher interest rate would require a more significant repayment.
The interest rate can vary also. Your payback amount might be based on the current market interest rate. You can be required to pay more than the initial payback amount if market interest rates rise.
12. How is the Interest Calculated on Your Loan?
As you know, interest is one of the four main components of a loan, and now you can understand its significance. The question you should ask about interest is, “How will the interest be calculated on your loan?” Because of these changes, the amount of your repayment may become unmanageable.
Consider the following example. You applied for the same amount of credit from three banks, each of which would charge you an interest rate of 8%. However, you saw a difference when you computed your EMIs. Why? Because they calculate interest in various ways.
The principal amount on which interest is charged decreases each month when interest is calculated monthly. This results in significant savings over the term of the loan. The first bank uses the Simple Interest method, while the second uses the Compound Interest method. The last one uses the Rule of 78.
Under the Simple Interest method, your EMI would be: P * r * n/100
Where P = Loan amount, r = interest rate per annum, and n = tenure in years. So, if you take a $500,000 loan at 8% simple interest, your EMI would be: 500000 * 8 * 1/100 = $4,000. The total amount of interest over the 5-year period will be $1,78,528.
In the second case, under the Compound Interest method, your EMI would be: P * ((1+r/100) ^n – 1)/(r/100)
Where P = Loan amount, r = interest rate per annum, and n = tenure in years. So, if you take a $500,000 loan at 8% simple interest, for a tenure of 5 years, your EMI would be 500000 * ((1+8/100) ^5 – 1)/ (8/100) = $4,752. The total amount of interest over the 5-year period will be $3,05,255.
You will notice that in the first case, your EMI is lower than in the second case. This is because, under the Compound Interest method, the interest is calculated not only on the principal amount but also on the accumulated interest of previous periods. This makes your EMIs slightly higher.
The last method, called the Rule of 78, is used mostly in automobile loans. Under this method, the interest for the first few months is higher than it would be under the Simple Interest or Compound Interest methods. This is because the interest here is calculated based on the number of months remaining in the loan tenure and not on the actual outstanding loan amount.
In the last case, under Rule 78, a magic number will be calculated based on the loan amount and repayment time. It doesn’t have a fixed EMI scheduled as the number varies depending on when the customer pays off the loan.
To conclude, you should be aware of how interest is calculated on your loan before availing of one. It is always advisable to go for a loan with a lower rate of interest and for a shorter tenure, if possible. This will help you save on the overall interest amount that you will have to pay.
13. Is There Any Way to Reduce the Interest Rate on Your Loan?
The interest is the extra money you pay to your lender, depending on the interest rate. The lower the interest rate, the lesser you pay extra. So, you have to think and grab every opportunity to reduce the interest rate on your loan.
There are likely many lenders who can help you lower the interest rate on your loan request. For instance, this includes keeping an active business checking relationship, transferring business deposits, or automatically deducting loan payments from a business checking account.
14. What is the Cumulative Interest on Your Loan?
When you take a loan, you don’t only pay back the principal; you also have to pay the interest. We discussed interest before, but you should also know your cumulative interest. Cumulative interest is the total amount of interest you pay on a loan over a while. In other words, it is the total interest you pay against your principal for the term or total period.
Knowing about cumulative interest is crucial as you have to pay it extra as a security to the lender. You should not take the loan if it becomes so large that it becomes a burden and negatively impacts your purpose. Instead, you should keep looking for loans with lower cumulative interest.
15. What is the Monthly Payment of Your Loan?
You should calculate your monthly payment before taking out a loan. Since you must consistently pay for it, it is essential. If it doesn’t match your monthly income, you risk missing a payment, which might impact your loan conditions and perhaps your credit.
Don’t forget to figure out your monthly loan payment and plan how you’ll handle your money after making installment payments.
16. Can You Actually Afford the Monthly Payment?
It’s crucial to be able to make on-time installment payments. If you don’t pay your EMIs on time, it could harm your loan terms, hurt your social credit, and even cause you to lose your collateral. You shouldn’t take out loans with high monthly payments because of the repercussions.
To determine whether your monthly payments are affordable, sum up your income and expenses. Ensure you will have enough money after expenses to pay your installments.
17. What is the Loan Repayment Policy Upon Your Untimely Death?
Sorry to scare you, but it’s a legit question to ask before taking a loan. In case of your death, an unpaid loan can affect your family. Your death doesn’t mean you are out of liability or the bank is out of luck.
If you die, your family may get significant life insurance. Your lender can come for the amount to repay the loan. So, you must know your lender’s policy to avoid any problems your family may face. Lenders can sell your assets to clear the debts. Therefore, you should make clear agreements with lenders considering this aspect.
18. What is the Loan Repayment Policy Upon Bankruptcy?
Before taking out a loan, you should know about your repayment policy upon bankruptcy. A person or business may file for bankruptcy if they cannot pay their debts. The bankruptcy process begins when the debtor files a petition. After that, the debtor’s collateral is evaluated and used to repay the debt.
You can file bankruptcy if your repayment causes you undue hardship like you can’t maintain a minimal standard of life. Once the bankruptcy court determines your hardship, you may get discharged from your loan entirely or partially, or you may have to repay your loan under different terms.
19. How Much Can You Borrow Based on the Collateral?
People frequently believe that if they have a $200,000 asset, they may borrow $200,000 by using the asset as collateral. However, they err in this instance. Banks would typically only lend up to a particular proportion of the value of your asset, valuing it below what you believe it should be worth.
To avoid being dissatisfied with a lower amount than you anticipated, you must determine how much you can borrow based on the collateral.
20. Does the Loan Require Any Additional Fee?
You go to a bank for a loan. You knew there would be some interest, but the bank surprised you like Doakes from Dexter with fees. You should know about your loan fees for preparation.
Additional fees for a loan are one of the lesser talked topics. But these fees are charged on top of any interest that you pay.
There are different loan fees:
- Application fee
- Origination fee
- Prepayment penalty
- Late payment fee
- Returned check fee
- Payment protection insurance
21. How Much Time the Loan Procedure Will Take?
Knowing the loan procedure time is crucial because you may want the money earlier. Depending upon different lenders, it can take anywhere from a day to several weeks or months. While secured loans take a bit longer to get approved as your collateral has to be valued correctly, unsecured loans get approved in a shorter time. But it’s come with a cost like a higher interest rate and large monthly repayment.
Depending upon your necessity to get the money quickly, you can avoid some lenders who take a more extended period to approve the loan.
22. Do You Have All the Necessary Documents to Apply for the Loan?
A large number of loan applications are rejected because of incomplete documentation. In 2017, 1 out of every 9 loan applications were turned down. Always come prepared with all relevant documents when requesting a loan.
Consider applying for a small company loan as an illustration. In that situation, the past three years’ worth of corporate and personal tax returns, financial statements, and financial estimates for the subsequent 12 to 24 months is required. Going to the lender without being fully prepared makes you appear unprofessional. Check your loan’s requirements and ensure you have all the required paperwork.
23. Does the Loan Require a Guarantor or Cosigner?
A guarantor and co-signers are two examples of individuals who can support your ability to handle financial obligations. While a co-signer is given the same consideration as you for a loan or lease, they do not need to reside with you (for example, as roommates). On the other hand, a guarantor acts as a safety net in case of default—they will take over ownership of the loan.
A lender may require a co-signer or guarantor for your loan as a guarantee, or they may consider your assets to be collateral for your loan guarantee. Co-signers can help you to get a loan at a lower interest rate if they have a good credit history.
Some lenders can release your co-signer if you make a certain amount of repayment. Please inquire with your lender about their approach, as this can differ for each lender.
24. Is Your Credit Score Eligible for the Loan?
When applying for a loan, a credit score is important. Research, it shows that if you don’t have high credit, the chance of being rejected for a mortgage is nearly 1 in 3. So, if your credit score is high, you have a decent chance of getting the loan.
We advise you to find out from lenders what credit score they require as a minimum. You can check your credit score through Experian, Transunion, or Equifax. If your credit score isn’t as good as you would like it to be, you can try to raise it by lowering your credit card amount or asking for a larger credit limit.
25. What is the Difference Between Credit History and Credit Score?
When you apply for a loan, lenders look at your credit history and score to determine how risky you are. The facts of your credit accounts, sums due, and payment history are all contained in your credit history. The three reporting organizations constantly gather and update this data (Equifax, Experian, and TransUnion).
Your credit score is determined numerically based on the data in your credit report. Your credit score helps lenders assess how creditworthy you are. Your payment history, account balances, new queries, and other factors will affect your score, either positively or negatively.
26. How Will the Loan Affect Your Credit Score?
You may be surprised to learn that asking for a loan can lower your credit score slightly. That’s because the number of credit applications you submit accounts for around 10% of your credit score.
You must promptly make your monthly payments after having a loan approved. Making payments on time is crucial to establishing a solid credit score because your payment history accounts for 35% of your credit score.
Your credit is also impacted by how much of an installment loan you have left. As you reduce your balance, you will raise your credit score since creditors will perceive this as a sign that you will consistently repay your obligation.
27. Is There a Tax Benefit with the Loan?
Do you know you can get tax benefits with your loan? If you take loans for education or homes, it offers tax advantages. If you received a mortgage credit certificate from a government program for low-income housing, you could be entitled to have a tax credit for mortgage interest.
Loans for vehicles or personal items don’t have tax advantages. Tax breaks are beneficial because they reduce the actual cost of borrowing.
28. Is There an Insurance Benefit with the Loan?
Some banks bundle loan products by giving free insurance coverage. For instance, you could get free insurance coverage if you opt for a home loan. In the case of personal loans, private banks insist that a loan cover be taken. Such cover on loans ensures repayment if you die and can be helpful when facing a financial crisis.
You should know if you get loan cover insurance or not. This insurance can assist with monthly loan payments and safeguard you from default, whether the requirement arises from unemployment or incapacity.
29. What Happens if You Fail to Repay Your Loan in Time?
Failure to repay a loan is upsetting and unpleasant.
However, even if you cannot repay a loan, you are still entitled to polite behavior and equal treatment. Lenders must adhere to the rules of due process when starting legal action to recover their debts.
The following is a list of your rights as a borrower:
- In any event, the lender must respect your right to privacy.
- Lenders or recovery agencies cannot break the rules of decency and polite behavior.
- The lender must publish a notice outlining the asset’s fair market value, the reserve price, the date, and the time of the auction before selling the assets.
- The lender can recoup its debt by selling off assets, but any surplus funds must be returned to you.
30. Are Your Family Members Liable to Repay Your Loans if You Fail to Do So?
Your family members are responsible for repaying your loans if you fail to do so and only if they are your co-signer. Any person who cosigned is legally liable to pay the debt.
We advise you to exercise caution when co-signing loans and request others to cosign your debts to limit the risk of exposing family members to potential financial difficulties.
31. What to Do if You Fail to Repay Your Loan in Time?
Life is a box of chocolate. Some of the chocolates in life aren’t as tasty as they ought to be. It’s wise to be ready for terrible scenarios like finding yourself unable to make your installment payments.
Planning and acting swiftly will help you limit your losses and prevent problems from worsening. You should have a plan for what to do if you cannot make your loan repayment on time.
Don’t panic if you find you cannot pay; there are other possibilities. Although it’s stressful and irritating, you can get through it. You might still have choices like these:
● Pay Late
While it’s ideal to pay your installments on time, it’s okay to be a little bit late. If possible, try to pay the lender your installments within 30 days of the due date. In many instances, these late payments won’t harm your credit, giving you the option of consolidating.
Consolidating a loan can result in a lower interest rate and a lower required payment. A new loan typically gives you more time to repay. Some data from fintech companies show that 4 out of 10 people in the USA take a personal loan to consolidate.
You can swap out your present loan for better terms by refinancing one. By doing this, the terms of the old loan are replaced by the new loan conditions that you take out to pay off existing debt. A refinancing loan allows you to modify your loan to have a lower monthly payment, a different duration, or a more practical payment schedule.
● Communicate With Lenders
If you ever anticipate having difficulties paying payments, it would be advisable to speak with your lender. You might benefit from shifting your payment deadlines or skipping a payment. Even better, you might be able to work out a deal.
● Take Secured Loans
As we said, consolidating is an option, you may consolidate with a secured loan. It increases the chances but also puts your asset at risk.
● Apply for Deferment
If you meet a deferment requirement, you may temporarily stop making payments, giving you time to get back on your feet. Some debtors may be eligible for a deferment during unemployment or other financial difficulty periods.
● Credit Counselling
You can better grasp your position and develop solutions with credit counseling. Working with a competent counselor who isn’t just out to sell you something is the key. Your counselor may advise a debt management plan or alternative line of action depending on your circumstances.
● Bankruptcy Attorneys
A bankruptcy lawyer can also be of assistance but don’t be shocked if they suggest filing for bankruptcy. It might aid your problem-solving, but there may be more effective options.
32. Is There an Alternate Option for You Than Borrowing?
While loans are helpful, they also have drawbacks and require so much responsibility and calculation that you might wish to consider other possibilities.
- You can borrow money from your family or friends. You are trustworthy to each other. You can get the money without any interest.
- Crowdfunding is an option if your cause is more important. You won’t feel ashamed about it, it’s fashionable, and you’ll meet some friendly people.
- Finally, give your motive some second thought. Is it worthwhile to borrow money or take out a loan? If you believe you can wait or cope without it, go ahead.
To Sum It Up
Loans are beneficial and can provide a large sum of money to help you with your financial problems, but they can also be unsettling. Nobody wants to take out bad debt and complicate their lives. But the right loan from a dependable lender might assist you in resolving your issues or launching a new business.
Because of this, it’s essential to comprehend all the aspects of a loan before applying for it and to choose wisely.
Other finance articles you may find helpful:
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- Student Loan Debt 2022: Ways to Deal with It Effectively
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Originally posted 2022-09-02 19:56:40.