Jordan Rothman, Author at Student Debt Diaries

Setting Money Aside for Taxes While Working Side-Hustles

November 18, 2019 Jordan RothmanEarning Extra Money, Repayment Strategies

This website has already discussed how student debt borrowers need to pay a significant amount of money in taxes if they work side-hustles to pay off student loans. Indeed, workers typically must pay even more taxes on side-hustle income than on cash they earn from their main job, due to the self-employment tax and other issues. However, if you keep some things in mind, setting money aside for taxes can be easier, and tax season… Continue Reading Setting Money Aside for Taxes While Working Side-Hustles

Save Money Like a College Student

November 11, 2019 Jordan RothmanRepayment Strategies, Saving Money

I recently visited my undergraduate alma mater for the first time in a while, and the experience brought back a flood of memories. I interacted with a bunch of students while on campus, and I remembered what it was like to be a college student myself. Meeting up with college students, and remembering what it was like to be an undergraduate, made me realize how student debt borrowers can save money like a college student… Continue Reading Save Money Like a College Student

Investing to Pay Off Student Loans

November 4, 2019 Jordan RothmanRepayment Strategies, Saving Money

This website has already discussed how earning extra money is critical to paying off student loans. The more money you have, the more resources you possess at your disposal to take care of living expenses and devote money to student debt. Prior articles have discussed how individuals can work a number of side-hustles to earn extra money, and part-time work can increase the amount of money you have to pay off debt. However, if you… Continue Reading Investing to Pay Off Student Loans

AP Classes Can Lessen Your Student Debt

October 28, 2019 Jordan RothmanAdvice for Parents, Choosing Schools

Since beginning Student Debt Diaries a few years ago, I have received numerous emails from high school students and their parents about student debt. Most high schoolers and their parents want to know strategies that can be pursued in college to minimize the amount of student debt a borrower needs to take out to pay for educational costs. However, students can implement strategies in high school that can also greatly impact their bottom lines. Indeed,… Continue Reading AP Classes Can Lessen Your Student Debt

Job Perks that Can Help You Pay Off Student Loans

October 21, 2019 Jordan RothmanRepayment Strategies, Saving Money

This website has already discussed how certain jobs can help individuals pay off their student loans. Indeed, some jobs offer bonuses to employees who work harder or originate business, and certain employers even pay for school or have debt-repayment benefits. However, there are other job perks that can help you pay off student loans, and student debt borrowers should look for employment that can impact their bottom lines on multiple levels. As previously discussed, the… Continue Reading Job Perks that Can Help You Pay Off Student Loans

A Parent’s Legal Duty to Pay for College

October 14, 2019 Jordan RothmanAdvice for Parents

It is generally understood that parents have a moral responsibility to pay for their kids’ educational expenses if they are capable of doing so. Of course, some parents do not have the financial means to help their children with college and graduate school costs, and this can actually make their kids more eligible for need-based financial aid. However, if parents have sufficient resources, it is generally assumed that they should pay for their kids’ educational… Continue Reading A Parent’s Legal Duty to Pay for College

Middle-Class Borrowers Have Less Financial Aid Choices

October 7, 2019 Jordan RothmanAdvice for Parents, Repayment Strategies

This website has previously discussed how students can obtain financial aid in order to minimize the amount of debt they borrow to earn a degree. As already discussed, students can usually apply for institutional financial aid at the schools they attend, and outside scholarships and grants are also available for qualified students. However, middle-class student loan borrowers often have less financial aid options, and they usually have to make the most difficult choices when it… Continue Reading Middle-Class Borrowers Have Less Financial Aid Choices

Credit Cards Can Help You Pay Off Student Loans

September 30, 2019 Jordan RothmanRepayment Strategies, Saving Money

Everyone knows that in order to pay off student loans, you need to cut expenses so that additional cash can be devoted to student debt. One way to do this is to minimize your use of credit cards so you do not spend money unnecessarily and rack up additional debt. As mentioned previously on this website, I did not apply for a credit card until later in my student debt repayment journey, so I could… Continue Reading Credit Cards Can Help You Pay Off Student Loans

What to do if You Miss a Student Loan Payment

September 23, 2019 Jordan RothmanRepayment Strategies

This website has already discussed a number of ways that borrowers can devote extra money to student loans. If you follow the advice on this website, you should be able to prepay a substantial amount of student loans so that the due date on this debt is months or even years into the future. However, there may come a time when you miss a student loan payment, and if this happens, it is important to… Continue Reading What to do if You Miss a Student Loan Payment

Studying Abroad with Financial Aid

September 16, 2019September 16, 2019 Jordan RothmanChoosing Schools, Repayment Strategies

Studying abroad can be an enriching part of your college experience. As many people already know, studying abroad involves attending a foreign college for a semester or two so that the students can earn academic credits and experience the culture of a foreign country. However, studying abroad with financial aid can be tricky. Nevertheless, if you keep a few things in mind, it is possible to study abroad without greatly impacting your bottom line. When… Continue Reading Studying Abroad with Financial Aid