Home Finance Guru
| Register

Ask 2 Experts
1. How To Host A Budget Friendly Adult Birthday Party
2. How To Live Large Without Breaking the Bank
3. Til Debt Do Us Part
4. Sweetie, Want to Run a Business Together?
5. Top 10 Power Couples of All Time
6. Q&A: Money Expert Jacquette M. Timmons
7. Take This Career and Shove It!
8. Budget Boot Camp
9. Recession-Proof Your Relationship!
10. World Changing Couples
Advertise With Us!
Q: My wife and I have combined salaries of $80,000 but still owe more than $30,000 in student loans. What’s the fastest way to get rid of our student debt?

Diana says...
That’s a great question and is one that can be applied to getting rid of any type of debt. First, based on your income and expenses, set a realistic time frame for being loan-free. For example, if you want to be rid of that $30,000 debt in eight years, pay a little more than $300 a month between the two of you. Boost your payments to $500 a month, and you’ll say goodbye to those student days in just five years!

Diana Cawfield is an award-winning financial writer with more than 10 years of experience. Click here to send her your questions.