Jordan Rothman, Author at Student Debt Diaries

Attending Paralegal School with Student Loans

August 24, 2020 Jordan RothmanChoosing Schools, Saving Money

As many people already know, paralegals are important professionals in the legal arena. Although paralegals are not themselves lawyers, they perform legal tasks under the supervision of attorneys. Since paralegals can earn a respectable amount of money in many markets, individuals may wish to borrow money to attend paralegal school in order to have the best chance at landing a paralegal job. However, attending paralegal school with student loans should only be done in a… Continue Reading Attending Paralegal School with Student Loans

Having Siblings Can Help with Financial Aid

August 17, 2020 Jordan RothmanAdvice for Parents, Choosing Schools

Having Siblings Can Help with Student Loans

As this website has already discussed in several prior articles, many factors are evaluated when determining if a student is eligible for financial aid. For instance, a family’s income and savings is often used to calculate how much money a family can be expected to contribute to a child’s tuition. In addition, the number of children a family has in college at the same time can also impact financial aid determinations. Since families cannot contribute… Continue Reading Having Siblings Can Help with Financial Aid

Avoid Scholarships with Conditions

August 10, 2020August 10, 2020 Jordan RothmanChoosing Schools, Saving Money

Scholarships are available to students who enroll in many undergraduate and graduate school programs. Indeed, college students who participate in athletics, have high test scores, and others who meet different requirements can earn merit aid to attend school. Furthermore, law schools commonly award scholarships to applicants who have impressive records that can boost a law school’s admissions data. However, applicants to various educational programs should try to avoid scholarships with conditions in a variety of… Continue Reading Avoid Scholarships with Conditions

Professionals with the Worst Student Debt Burdens

August 3, 2020August 3, 2020 Jordan RothmanChoosing Schools, Repayment Strategies

Many people believe that if they borrow money to enter a profession, they will be able to earn enough cash to quickly pay off any educational debt. It is true that more-educated individuals typically earn more money, but not everyone in each profession earns an equally high sum of money. In addition, the amount of debt that people borrow to enter certain professions can be extremely challenging for many individuals. In any case, professionals with… Continue Reading Professionals with the Worst Student Debt Burdens

Investing Emergency Fund Money

July 27, 2020July 27, 2020 Jordan RothmanEarning Extra Money, Saving Money

As this website has already discussed in several prior articles, all student debt borrowers should have an emergency fund if they have the resources to build up savings. Emergency funds are important if people lose their jobs, face medical problems, or encounter other life issues. Although it might be safest to keep emergency funds in cash, investing emergency fund money is advisable in a number of circumstances. As mentioned in prior articles, I had an… Continue Reading Investing Emergency Fund Money

Saving Money While Applying to Law Schools

July 20, 2020 Jordan RothmanSaving Money

As many people already know, applying to law schools can be an expensive process. Applicants generally need to pay a hefty sum in application fees and test score fees for each school to which they apply, and this can add up depending on how many schools an applicant considers. Also, applicants need to pay seat deposit fees to at least one school in order to secure a place in an incoming class. However, saving money… Continue Reading Saving Money While Applying to Law Schools

Attending Summer School to Save Money

July 13, 2020 Jordan RothmanChoosing Schools

This website has already discussed some enrollment strategies that can help students minimize the amount of money they spend to attend college. Indeed, individuals can graduate from college early, earn a graduate degree in college, and take other steps to lower their educational expenses. Although it might not be apparent to many, attending summer school to save money is also a viable strategy for numerous college students. One of the ways that attending summer school… Continue Reading Attending Summer School to Save Money

Pay it Forward After Repaying Student Loans

July 6, 2020 Jordan RothmanRepayment Strategies

When student debt borrowers are repaying student loans, it may be difficult to think about what it will be like when all of your debt is paid off. Indeed, paying off student loans may seem like an impossible task that requires years of dedication in order to accomplish. However, if you stay focused and follow the advice on this website, you should be able to pay off your student loans within a reasonable amount of… Continue Reading Pay it Forward After Repaying Student Loans

How Much You Should Save in a 529 Plan

June 29, 2020 Jordan RothmanAdvice for Parents

This website has previously discussed how parents can save money in a tax-advantaged 529 account for their kids’ educational expenses. Indeed, a previous article noted how anyone can make a contribution to a 529 account, and this could be a good substitute for giving gifts to a child. Although there are many opinions on the internet about saving goals for 529s, there are a few things you should keep in mind when evaluating how much… Continue Reading How Much You Should Save in a 529 Plan

Living in a Dorm is Worth the Money

June 22, 2020June 22, 2020 Jordan RothmanAdvice for Parents, Saving Money

Most college students live in residence halls on campus for at least the first year or two of their studies. It is usually thought that dorm life is preferable for students starting their college careers so that they can meet people and have easy access to dining halls and other campus facilities. Of course, living on campus is often more expensive than most off-campus living options, and the amenities of on-campus living are often limited.… Continue Reading Living in a Dorm is Worth the Money