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Examples of current situation Current Situation This is your template for student and consumer loans and debt reduction List all your consumer loans, including personal,

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Current Situation This is your template for student and consumer loans and debt reduction List all your consumer loans, including personal, auto, consumer, and payday loans. Also include your mortgage loan if you have one, as well as any student loans outstanding. The goal is to have a summary of all our outstanding debts so you can work on them. Next, list your interest rates, costs, points, and other fees you are paying for each of your loans outstanding, including non-interest bearing loans. Develop a plan of action on how you will repay these loans. How long will it take you to pay off all your loans if you make a minimum payment each month, beginning after school begins? How long will it be if you use an accelerator? How much of an accelerator will you use? Current Situation This is your template for student and consumer loans and debt reduction List all your consumer loans, including personal, auto, consumer, and payday loans. Also include your mortgage loan if you have one, as well as any student loans outstanding. The goal is to have a summary of all our outstanding debts so you can work on them. Next, list your interest rates, costs, points, and other fees you are paying for each of your loans outstanding, including non-interest bearing loans. Develop a plan of action on how you will repay these loans. How long will it take you to pay off all your loans if you make a minimum payment each month, beginning after school begins? How long will it be if you use an accelerator? How much of an accelerator will you use

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