How to pay off student loan

collegemom3717
Tue, 14 Jul 2020 02:53:17 +0000

Have her get the intro level credit card and put a regular monthly bill on it (collegekid 1 started with her spotify account on hers). Agree with the others that a good credit history builds up pretty quickly: collegekid2 got her first solo credit card when she finished college and started grad school (she has a regular stipend that counts as an income). The credit limit was something like $500 to start, but 18 months later had built up enough credit that she was able to get a mortgage on her own. Yes, STEM grad stipends are pretty good but mostly housing in the area is super cheap, and the place she bought is teeny tiny- but still - now she’s building equity & her credit rating.