CNN Money – Best Way to Pay for Student Loan Debt

Best Way to Pay Student Loan Debt

This video helps explain how extra student loan payments made today can save you BIG money later.  Take a look.

Twelve Things College Students Don’t Need

To combat the never-ending packing and spending sprees, personal finance magazine Kiplinger.com compiled a list of money-wasters college students are better off going without.

Lily’s List Featured in Chicago Sun-Times

Tempesst Did you read the article about Lily’s List in the September 7 issue of the Chicago Sun-Times?    The article featured Lily’s List member, Tempesst Hazel, and described how Lily’s List works. The article quotes Edie Irons of the Institute for College Access and Success. “This speaks to what a burden this is for people. Most people aren’t going to be able to zero out their student loan debt this way, but it could make a real difference for people. It could be more helpful than a blender or microwave or crockpot.” Irons said, in the age of increasing student debt loads, asking for help isn’t the same as shirking responsibility. “I think any way people can find to pay back their student loans is fair game,” she said.   View the article.

Happy Birthday to You!

Let us send out an announcement on your behalf when it’s your birthday (or actually ANY special day) to your friends and family with the suggestion that they may like to surprise you with a little Lily’s List gift donation. E-mail us to let us know your special dates.

Refer an Advertiser

You can help us help you by providing links to local businesses that might be interested in advertising on the Lily’s List website. Think of businesses in your home town that may benefit from the networking possibilities. The more advertising dollars generated, the more those profits can be shared with all Lily’s List members.

6 Steps to a Better Profile Page

  1. Post a good smiling picture of yourself, if you haven’t already – makes your page look complete and more attractive
  2. Have a literary friend or relative proof your page – good grammar and correct spelling are always a plus
  3. Share your page – let friends and relatives know about your membership. For a sample email introduction go to How to tell Friends and Family
  4. When writing your About Me section, keep it upbeat and positive. Debt is a drag – or you wouldn’t be on Lily’s List. But we think it’s better to talk about the positive things in your life. What are your dreams and aspirations? How is debt hurting those dreams? Much more interesting.
  5. Don’t forget to send a ‘Thank You’ to anyone who gives you a donation – whether it’s from family, a friend, or a Student of the Week sponsor. A Thank You means a LOT.
  6. Finally, don’t forget that you have two other spots for pictures besides your profile pictures. Use them. Pictures tell a thousand words.

Refer a New Member and Get $5

$5 may not seem like much, but it also doesn’t take much effort to send out an e-mail to your friends suggesting they sign up on Lily’s List – and for every friend that does, you’ll get $5 deposited directly to your student loan account.

Use Lily’s List to help you save.

HOW MUCH COULD YOU SAVE IN 365 DAYS?

IMAGINE the following averages………………………………..

$1,200  - 600 $2 beverages

$800 – 200 $4 lunches

$150 – Birthday presents

$1,000 – Graduation cash or misc. spending

$500 – Holiday gifts

Total = $3,650

           X  4 years

        = $14,600

Even if you put just HALF of all the money you spend on stuff you don’t really need, and suggest Lily’s List donations as an alternative to material gifts – think of how much better you’ll feel when it comes time to start repaying your loan.  START SAVING now for MORE HAPPINESS later.

Welcome to Lily’s List Bulletin Board

Created by four moms, Lily’s List is a Student Loan Gift Registry to help students pay down their student loan debt—one birthday, graduation gift or classified sale at a time. Family, friends, alumni and even strangers can easily turn thoughtful gifts into direct deposits to registered student loan accounts instead.

Want to join us? Check out LilysList.com

If you’re a Lily’s List member and would like to be a Blog Author, send us an email at info@lilyslist.com .