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How to Save on Housing
Housing costs are a big chunk of everyone's budget, so it stands to reason that this may be the one area where you can significantly cut back on your expenses. In many cases it is possible, but for some of you, I warn you now: drastic steps may be necessary to slash your housing costs.

According to a Demos report tided The High Cost of Putting a Roof over Your Head, many recent college grads moving to start their careers face sticker shock at how much rent costs. Between 1995 and 2002, rents in virtually every large metropolitan area in the country rose dramatically. Demos reports that median rents in San Francisco surged 76%; rents in Boston mushroomed 62%; San Diego rents shot up by 54%, and even rents in Denver rose by 49%.

As a result, young adults now spend about 22% of their pretax income on rent, up from 17% in 1970. And more than a third of young adults spend more than 30% of their pretax income on rent.

Needless to say, it's also gotten a lot tougher for recent college grads to purchase a first home. In fact, in many parts of the country, college graduates are priced out of the market, and homeownership—a dream for many Americans—now seems more out of reach than ever.

To combat this economic dilemma, you have several options:
  • Live in a less expensive city or a rural area where the cost of living isn't as pricey.

  • Live with a roommate to cut costs and thereby decrease your monthly housing costs.

  • Live in the city of your choice (even an expensive one) if you're willing to downsize your expectations. Maybe instead of a one-bedroom apartment, you have to settle for a studio. And maybe instead of living in the heart of a city's downtown area, you live in an outlying area that is more affordable. Forbes magazine provides an annual list of the best, most affordable places to live.
If you're still a student, seek out good housing deals specifically targeting students or former students. Some managers of off-campus apartment complexes offer good students discounted rent. For instance, students of California Polytechnic State University in San Luis Obispo, California, who live in the off-campus Valencia Apartments get a 5% discount on their lease if they earn a GPA between 3.0 and 3.5. If your GPA is 3.9 or higher, you qualify for a 10% discount.


Article Title : How to Save on Housing
Comments :
I went to and the specialist helped me understand the process
of loan modification and then tailored a plan for me. They also negotiated with
the bank to cut interest rate to 5.15% from the original 7%! Thanks to them, I
am free from loan burden now.

Posted By : road runner


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• How to Save Thousands on Student Loans Using a Loophole in the Federal Consolidation Program
• How To Save Thousands When Paying Off Student Loans

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I contacted several lenders while I was looking for a company to consolidate my federal loans. I heard all of the sales pitches. What it really boils down to, through, was who could save me the most money. Edfed is the only lender who would guarantee my borrower benefits. All of the other lenders had provisions allowing them to take my 1%interest reduction away even after I earned it. On my consolidation, the 1% reduction will save me almost $18,000, with EdFed, I know I will get the savings. EdFed beats the competition hands down.
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Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.

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Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

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As a result of the new, higher interest rates, someone with $20,000 in student loans can expect to pay around $5,000 more in added interest over the life of the loan. Borrower benefits can help you reduce your interest rate before you pay these added charges.
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