Financial Aid

Paying off student loans? Avoid these four deadly college debt sins

If you've just finished college and are spooked by your student loans, you probably don't have to be.

Assuming you haven't already committed a big student loan borrowing mistake, like piling up loans without finishing college or borrowing extensively from private lenders rather than the federal government, there's no rush to pay off your loans. What's more important is paying them off wisely, and avoiding one of these four deadly college debt sins.

The first sin: Hanging on to private loans.

If you have Stafford or Perkins loans, those are federal government student loans — the most lenient student loans you can get. Private loans...