Repayment Strategies Archives - Page 7 of 10

Dating While Paying Off Student Loans

June 24, 2019June 29, 2019 Jordan RothmanRepayment Strategies, Saving Money

This website has already discussed how student loans can affect many parts of one’s life. Indeed, student debt can impact a borrower’s personal relationships, and can affect the amount of money someone has to pursue a number of social activities. In addition, student debt can also impact one’s romantic relationships, both because it might be difficult to connect with people who do not have student loans, and dating can drain resources that can be used… Continue Reading Dating While Paying Off Student Loans

Asking Your School for More Scholarship Money

May 27, 2019May 27, 2019 Jordan RothmanChoosing Schools, Repayment Strategies

This website has already discussed some of the considerations that should be kept in mind when choosing schools that will lower your student debt burden. Oftentimes, it is advisable to attend lower-ranked schools in order to secure scholarship money, since decreasing the amount of student loans you borrow is important in many situations. However, even after you enroll in an educational program, there is nothing preventing you from asking your school for more scholarship money.… Continue Reading Asking Your School for More Scholarship Money

A Student Loan Bailout Is Very Unlikely

May 20, 2019 Jordan RothmanRepayment Strategies

There has been much discussion recently about the possibility of a student loan bailout. Of course, the government has previously bailed out a number of individuals and companies who were facing hardships. And some have compared the student debt situation to the mortgage crisis that occurred over a decade ago. The student loan problem in this country is definitely growing, and it impacts economic activity, since people with student loans have difficulties reaching financial milestones… Continue Reading A Student Loan Bailout Is Very Unlikely

Student Debt Repayment Gets Easier Over Time

April 29, 2019 Jordan RothmanRepayment Strategies

Student debt repayment can seem like a daunting challenge. Indeed, someone who is about to graduate from school, and looks at the amount of student loans they have racked up over years, may wonder how they will ever pay off this debt. Student loans can be especially daunting for recent graduates who do not yet have employment lined up, and otherwise do not have a plan for repaying their student loans. However, student debt repayment… Continue Reading Student Debt Repayment Gets Easier Over Time

Making Big Purchases While Paying Off Student Loans

April 22, 2019 Jordan RothmanRepayment Strategies, Saving Money

Paying off student loans can financially strain even the most frugal and cost-conscious of borrowers. Indeed, making monthly student debt payments can drain a borrower’s financial resources so that individuals cannot save money or devote funds to purposes other than debt repayment. This financial rigidity can also make it difficulty to deal with a life emergency or to purchase major items that all of us need to buy at some point or another. However, making… Continue Reading Making Big Purchases While Paying Off Student Loans

Siblings Can Help Each Other with Student Loans

April 8, 2019 Jordan RothmanRepayment Strategies

This website has already discussed some of the ways that parents can help their children with student loans. And it is of course true that parents can have a major influence on how their children are impacted by student debt. However, many people might not realize that siblings can also help each other with student loans. I am a triplet, and I have twin older brothers. We have all had to help each other throughout… Continue Reading Siblings Can Help Each Other with Student Loans

Can You Be Too Old to Borrow Student Loans?

April 1, 2019 Jordan RothmanRepayment Strategies

Since founding Student Debt Diaries over a year and a half ago, I have received emails from numerous people across the country. Some of the individuals who email me are non-traditional students seeking advice about how they can pay for their educational costs. On a few occasions, individuals in their 50s and 60s have reached out to me and asked me if I thought they were too old to borrow student loans. Of course, individuals… Continue Reading Can You Be Too Old to Borrow Student Loans?

Student Loans Shouldn’t Keep You from Your Dreams

March 18, 2019March 18, 2019 Jordan RothmanRepayment Strategies, Saving Money

This website has discussed at length how student loans can force individuals to make a number of sacrifices. Indeed, many student debt borrowers need to save money in extraordinary ways and miss out on a number of enriching experiences when trying to pay off student loans. However, my own personal experiences have shown me that student loans shouldn’t keep you from your dreams, and you must not let debt prevent you from finding happiness. The… Continue Reading Student Loans Shouldn’t Keep You from Your Dreams

Starting a Business While Paying Off Student Loans

March 4, 2019 Jordan RothmanRepayment Strategies, Saving Money

Several prior articles on this website have already discussed how student loans can impede student debt borrowers from achieving numerous goals in life. Indeed, student loans can make it difficult to buy a home, save for retirement, and accomplish many other objectives. In addition, starting a business while paying off student loans is extremely difficult for a variety of reasons. As numerous student loan borrowers are already aware, student debt impacts the amount of capital… Continue Reading Starting a Business While Paying Off Student Loans

Hold off on Spending Money for as Long as Possible

February 11, 2019 Jordan RothmanRepayment Strategies, Saving Money

Many articles on this website have already discussed various strategies that can be implemented to save money so that additional cash can be devoted to student loans. Most student debt borrowers already know how cutting expenses can help individuals repay their student loans early, and saving money is perhaps even more important that earning extra cash for a variety of reasons. However, if you need to spend money while repaying student loans, it is important… Continue Reading Hold off on Spending Money for as Long as Possible