The Pinch: Tips for paying off student loan debt

Many recent college graduates are entering a new chapter of their lives with student loan deb. It’s important to establish a strategy for paying it off.


These tips from Jeff Fehrman, the president of Fehrman Investment Group, are useful for new graduates and most people with student loan debt:

• Look at your student loan interest rates. If the interest rate is low, and you have credit card debt, concentrate on paying off your credit card bills first.

Either defer your student loans or pay the minimum amount while you focus your efforts on eliminating credit card debt, because this interest rate is usually higher, Fehrman said.

• Build up your emergency fund, while still making your student loan payments.

• If you have a job and your employer offers a 401(k) match, try to contribute at least the minimum amount to your 401(k) that is required to get the full employer match, Fehrman said.

Continue to pay your student loans.

• If you’re not working, try to defer your student loans until you have steady income.



The P&G insert in today’s Augusta Chronicle has a coupon to save $1 off one Tide detergent. It expires June 30.



Get a free skin cancer/melanoma screening from 6:30 to 8 p.m. Thursday at the University Hospital Breast Health Center, Professional Center 2, Suite 205, 818 St. Sebastian Way.

For more information or to schedule an appointment, call (706) 774-4141. Space is limited, so register as soon as possible.



Red Roof Inn is honoring public and private school teachers and educators nationwide with a 15 percent discount on regular rates throughout May, at participating locations.

Red Roof Inn is offering the discount in celebration of Teacher Appreciation week, which was May 7 to 11.

Teachers can access the discount by providing the code 604276 when making reservations or by referring to the code upon arrival at Red Roof Inn.

All educators are required to show documentation, such as an ID from their school, confirming they are currently teaching at a public or private school, according to a release. For more information, visit