A Book Review of Student Loan Answers: A 7-Step Guide To Understanding Your Caribbean Student Loan
An Islepreneur Book Review
BY ISTRA BELLFINANCIAL EDUCATION
by: Istra Bell
3/18/20252 min read
Student Loan Answers is a comprehensive guide to understanding Caribbean student loans. I never had a student loan since I was awarded a scholarship to attend St. George’s University, but this book is a must read. It is very easy to read and the content is broken down so that if you’ve never heard anything about loans, you’ll be able to understand. I have learnt so much. It is packed with a lot of guidelines, procedures and things you should know regarding student loans from Caribbean banks.
The 7 steps are as follows:
Steps to Understanding Your Caribbean Student Loan
Step 1: Making Sense of Your Caribbean Student Loan
Step Two: Understanding Interest and Capitalization
Step Three: Communicating With Your Lender
Step Four: Tracking & Documentation
Step Five: Setting Up A Debt Pay-Off Plan
Step Six: Handling Disputes With Your Lender
Step Seven: Consolidation, Refinancing & Debt Settlement
Save Thousands on Your Caribbean Student Loan
Melisa’s 7-step guide walks you through the process of student loans. From the sign up down to the last payment. She lists requirements you will need to present to the lender or bank and thoroughly explains the student life cycle with definitions of important terms you will meet up during the lifetime of your loan.
I never had a student loan...but this book is a must read.
- Istra Bell, Content Creator at Islepreneur
One thing I love is that Melisa included lots of examples of loan situations and went in-depth on interest and capitalization – how monthly interest is calculated and how unpaid interest is added to the amount borrowed. Throughout the various chapters you’ll find checklists which you can use as a guide to ensure that you track your loan status on your own. She also provided solutions to paying off loans ahead of the scheduled time which can help you save in the thousands.
This Student Loan Answers Book Review was originally published on Islepreneur.com.
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About Istra Bell
Istra is a communications specialist and content creator based in Grenada. She started Islepreneur to showcase products, services and stories of entrepreneurs on her home island. Learn more about Istra here.