Repayment Strategies Archives - Page 5 of 10

Invest Available Money Whenever Possible

February 10, 2020February 10, 2020 Jordan RothmanRepayment Strategies, Saving Money

This website has previously discussed how student debt borrowers, and pretty much everyone else, should save money for emergencies. It is important to have some cash stashed away in case you are laid off, face medical issues, or experience a number of other problems in your life. Most experts advise individuals to put six months of living expenses aside for emergencies, but this does not all need to be in cash. Indeed, individuals should invest… Continue Reading Invest Available Money Whenever Possible

Prioritize Student Loans Over Retirement Savings

January 27, 2020 Jordan RothmanRepayment Strategies

As this website has already discussed at length, student loan borrowers often have a number of financial responsibilities and limited resources to satisfy these obligations. Indeed, student debt borrowers need to devote substantial funds to student loans each month, and also need to pay for living expenses, housing costs, and other expenses. In addition, as we all know, people should save money for retirement so that they will be able to enjoy a comfortable life… Continue Reading Prioritize Student Loans Over Retirement Savings

Dealing with Medical Costs and Student Loans

January 20, 2020 Jordan RothmanRepayment Strategies, Saving Money

This website has already discussed how students may have a difficult time paying for medical costs, since they have little disposable income. Of course, medical expenses may impose an unexpected hardship on people, and students are oftentimes affected the most by medical expenses because they do not have steady income. In addition, dealing with medical costs and student loans can be especially difficult for many student debt borrowers. However, by keeping a few things in… Continue Reading Dealing with Medical Costs and Student Loans

Should You Celebrate Paying Off Student Loans?

January 6, 2020 Jordan RothmanRepayment Strategies

As mentioned in the first article on Student Debt Diaries, paying off student loans was one of the biggest accomplishments of my life. This feat was the culmination of years of sacrifice and toil, since I had to save money in insane ways and work several side-hustles to pay off my student loans. As a result of this crucible, I justifiably wanted to celebrate paying off student debt in order to reward myself for accomplishing… Continue Reading Should You Celebrate Paying Off Student Loans?

Should You Ever Give Up Paying Off Student Loans?

December 9, 2019 Jordan RothmanRepayment Strategies

As many people with student loans understand from firsthand experience, paying off student debt is extremely difficult in certain situations. Many student loan borrowers need to fork over an insane amount of money every month to make payments, and a substantial minority of borrowers have more than six figures of student loan debt. Unless borrowers enter certain fields and earn enough money, it can be nearly impossible to pay off student loans along with other… Continue Reading Should You Ever Give Up Paying Off Student Loans?

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

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

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