Customer Reviews

How to Wipe Out Your Student Loans and Be Debt Free Fast: Everything You Need to Know Explained Simply

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This book is packed with useful information, web sites, and explanations of the various types of student loans, their advantages and drawbacks. Whether they graduate or not, most students are left with debt that can run to thousands of dollars. The information on student loans provided is up-to-date and takes into account the current recession and its effect on both borrowers and lenders. Perhaps the early chapters are a little dense for a bewildered and frustrated student or recent graduate - the history and definition of all the various types of government-backed loans is an alphabet soup that only a bureaucratic society can produce. But there is a useful glossary and an index that allow the reader to find the precise information he or she needs.
While the early chapters may be more useful to a financial aid office, from Chapter 6 on the author concentrates on the advice that a student or graduate needs. Which loan is best for you, and how are you going to pay it back? Comparisons of loan terms, methods of repayment, budgeting, making decisions about your career and the impact that will have on your ability to repay debt - all aspects of the financial management of debt are covered in a sensible way that goes straight to the point, right down to the costs and time involved in preparing meals at home versus eating out, and the potential health consequences of each.
Inevitably, there is a good deal of repetition in the book. But the subject matter is so complex that repetition is helpful rather than not, and the content is enlivened by tips for the "savvy student" and anecdotes and quotes from people who have experienced the trials of student loan repayment. An appendix provides some useful worksheets, and the websites referred to throughout lead to many tools to work out your situation and the ways to pay off debt. The book does suffer from a few editorial mistakes. But the value of the book outweighs these errors, and it should be read not only by students and graduates but by anyone who struggles with debt.

I read this book in one day and it was a easy read. It showed me many tricks to save money and different ways to pay for my loans. Its shows the real cost of taking loans and what to expect from each type of loan and lender, and the pro's and con's of each type. It also informed me on many different opportunities to pay for my education besides loans.

I will give it a 4 out of 5 because it helped me a lot, and explained me many things my parents never did and I would recommend it to anyone about to go to college or just about to finish, but ITS NOT the holy grail.

In the book How to Wipe Out Your Student Loans and Be Debt Free Fast, Martha Maeda talks about how students can be able to use students' loans to receive an education, then how to pay off the student loans as well as manage debt and establish good spending habits for the rest of your life. In the first 12 chapters, the book, talks in detail about how students loans work, what options students have as far as grants / scholarships are concerned and the overall choices as far as payment plans. The book then shifts gears, and talks about different strategies that the recent college graduates can use to find that first job, along with how to effectively manage / control debt. All of the different ideas presented in the book are useful for the person who is just entering college to working in their first job. This is because of overall depth and ideas that Maeda instills upon the reader.

How to Wipe Out Your Student Loans and Be Debt Free Fast: Everything You Need to Know Explained Simply by Martha Maeda is a comprehensive must-have for all students who financed their education through loans. The book is not only useful to professionals who have already acquired the loans, but is arguably more valuable to students considering on applying for student loans. The first section, Chapters 1 though 6, offers general information on the cost of education, options for financial aid, types of loans, associated terms and more. I liked Section 1 so much that I think school districts should purchase copies to provide to their high school juniors and seniors. Maeda does an excellent job of providing these essential concepts in easy-to-grasp prose organized in a logical flow.

Maeda dedicates Section 2 to information all about strategies to help students pay back their loans. Chapter 9, "Setting Goals and Priorities" offers practical tips advice to motivate readers to take control of their finances, careers and future path. Maeda is able to accomplish this in a non-preachy way. Her inclusion of "Savvy Student Tips" sprinkled within the copy will no doubt be appreciated by readers of all ages. This book is an incredible resource.

This book is a must read for anyone needing money to attend college. It covers various types of loans and interest rates, giving the reader the information needed to make an informed decision. It is packed with ideas on finding a good job, budgeting, repayment plans, and how to create a repayment plan that is right for you. The author discusses the importance of living debt-free and getting low-interest loans with an improved credit score - all the tips you need to pay off your student loan in record time. How To Wipe Out Your Student Loans and Be Debt Free Fast teaches you how to take charge of your life and free yourself from debt.

When I see "wiping out your student loans" I assume this is really getting rid of them. All this book does is explain different ways to pay them back. Anyone could figure that out! This book is a waste of money. I won't not recommend it at all.

Sixty-five percent of college students are expected to have some form of debt. Now, in How to Wipe Out Your Student Loans and be Debt Free, students can discover how manageable their debt really is. The book's optimistic tone and realistic view easily breaks down students' options. Whether you are a recent high school graduate preparing for the future or a young professional aiming for a blank slate, this book explains how to overcome the debt hurdle.

Author Martha Maeda openly discusses the importance of being aware of how to handle student loans, and peppers the book with savvy student tips, case studies, and other helpful tools. Maeda explains everything from loan forgiveness, the difference between Federal versus Private loans, credit scores, and interest rates in a clear, understandable language anyone can comprehend. For readers seeking a student loan repayment plan or just curious about the difference between an ICR, ISR, and an IBR, Maeda has the answers.

With Maeda's jargon-free, expansive, and well-researched how-to book, anyone struggling with financial difficulties is provided options, motivation, strategy, and most importantly, hope.

With the price of college tuition continuing to rise and an economy that has seen better days, more and more people are looking for ways to finance their educations. How to Wipe Out Your Student Loans and be Debt Free by Martha Maeda is a handy guide for those just going into college and those who are already saddled with student loans. Her book is less about how wipe out loans and more about how to responsibly choose loans and ways to reduce interest and make payments easier. She goes into detail about a variety of ways to get interest payments reduced, how to find loan forgiveness programs and what to do if the loan has defaulted.

Most of her information is covered in similar books, but Maeda's writing makes her book easy to understand and great quick reference piece. She also talks about little known gems like [...] which allows students to help pay off their loans simply by using their debit cards for things like groceries. Anyone looking to get loans for school or looking to pay theirs off quickly and efficiently should take a look at How to Wipe Out Your Student Loans and be Debt Free.

How to Wipe Out Your Student Loans and Be Debt Free Fast proves a valuable resource for both the incoming college freshman and the student graduating with a degree, entering the workforce and trying to balance a budget while paying off debt. The publication positively but realistically outlines the steps students should take before, during and after college to secure loans and pay them off.

Handy "Savvy Student" sidebar tips that share hints on topics like co-signing info plus special "Case Study" sections with real-person testimonials make the book an informative, friendly read. Martha Maeda discusses everything from scholarships and the FAFSA to unique ways to try to pay off principles and smart budgeting techniques. How to Wipe Out Your Student Loans and Be Debt Free Fast is a great handbook for any student to have in his or her arsenal.