Never cosign a loan. Once you have cosigned, you cannot get out of it - even on your deathbed.

If you're not staying on top of your money, you are putting your financial well-being at risk.

Don't let what others think or say get in your way; their actions reflect on them, not you.

Cut back your spending now.

Take free money. No matter how in debt you are, if your employer offers a matching contribution on a 401(k) or other retirement vehicle, you must sign up and contribute enough to get the maximum company match each year. Think of it as a bonus.

I have a million dollars in the stock market, because if I lose a million dollars, I don't personally care.

Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts.