Alert
Close

Tell your senator to end the gridlock and renew the Older Americans Act now. Learn more

Highlights

Open

Contests and
Sweeps

Driver Safety

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

Happy African American couple

AARP Books

Visit the Books Section

Enjoy titles on retirement, Social Security, and becoming debt-free.

Jobs You Might Like

most popular
articles

Viewed

Pay Down Your Debt Challenge

Tackling Student Loan Debt

Keep your credit and your children's intact by getting college loans under control

Phase 1: Look to Consolidate Loans So They're More Manageable
"Government consolidation loans allow you to bundle all of your federal student loans into one monthly payment, often providing you with a lower interest rate than the average weighted rate of your existing loans," says Ryan. "As an added perk, consolidation may even lower your monthly loan payments."

Tip: For those with federal student loans, find out about your loan consolidation options by calling the Direct Loan Origination Center's Consolidation Department at 800-557-7392. Also, here are some frequently asked questions and answers about student loan consolidation.

Phase 2: Help Your Child Learn Personal Responsibility
Ryan and other experts agree that it's the student — not the parent — who needs to pay off loans that were taken for their education.
"If they are not employed full time, encourage them to consider temporary work to not only build on their résumés and augment their skills, but also to earn a paycheck," Ryan says of adult children.

Tip: If your son or daughter is still engaged in a lengthy or expensive program of study, such as law school or medical school, have him or her explore alternative methods of financing his or her education, such as scholarships, grants, paid internships and work study programs. FinAid.org is a good website to explore for money to pay for college. 

Next: Look at deferment options. »

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

         

Tell Us WhatYou Think

Please leave your comment below.

Advertisement

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Member Benefits HomeServe

Members can protect their homes with comprehensive repair plans from HomeServe.

AARP Credit card from Chase

Members can get cash back rewards on purchases with the AARP® Credit Card from Chase.

Woman holding smartphone in city, Google map tool

Members can find discounts on the go via the AARP® Member Advantages Offer Finder app.

Member Benefits

Join or renew today! AARP members receive exclusive member benefits & affect social change.

Being Social

featured
groups

savingchalleng

Savings Challenge

Have the gift of thrift? Share your tips. Discuss

Hand holding credit cards

Pay Down Your Debt Challenge

Join our challenge July 18-Aug. 14 and start your debt-free journey. Discuss

Advertisement