Getting Out of Debt
GPF 201 · Module 2
This module teaches practical debt payoff strategies and explains when tools like consolidation, balance transfers, student loans, and mortgages require special care. Students learn how to compare payoff methods, lower interest costs, and choose realistic next steps.
Lessons in this module
Debt Avalanche vs. Debt Snowball
The debt avalanche and debt snowball are two popular payoff strategies. This lesson compares the math and motivation behind each method using a realistic multi-debt example.
Debt Consolidation and Balance Transfers
Debt consolidation and balance transfers can lower interest or simplify payments, but they are not automatic fixes. This lesson explains how these tools work, what fees to watch, and when they help or hurt.
Student Loans and Mortgage Basics
Student loans and mortgages are large, long-term debts that require careful planning. This lesson explains key terms, repayment basics, and how to think about extra payments without ignoring other priorities.
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