Repayment Strategies Archives - Page 8 of 10

How Much Student Debt Is Too Much?

February 4, 2019February 4, 2019 Jordan RothmanRepayment Strategies

Ever since I started Student Debt Diaries almost eighteen months ago, I have received hundreds of emails from individuals across the country. Many people want to know how they can earn extra money so that additional cash can be devoted to student loans. Other folks are interested in ways that they can cut expenses so that any savings can be used to pay down student debt. Numerous individuals have also asked me how much student… Continue Reading How Much Student Debt Is Too Much?

Living with Student Loans During Residency

January 31, 2019March 11, 2022 Adam RothmanGuest Articles, Repayment Strategies

For most people who want to achieve their higher education goals, student loans are a necessary evil. This is especially true for those who choose to attend any form of graduate school, where scholarship opportunities and financial aid are typically harder to find. During my four years of college and my four additional years of medical school, I certainly accrued a vast amount of student debt. I will admit that during those eight total years… Continue Reading Living with Student Loans During Residency

Having Fun While Paying Off Student Loans

December 31, 2018January 6, 2019 Jordan RothmanRepayment Strategies, Saving Money

Paying off student loans requires a lot of sacrifice. As mentioned at length on this website, everyone hoping to pay off student loans early must typically cut expenses so that additional cash can be devoted to student debt. In addition, folks hoping to be free from student loans should also make extra money by working side-hustles. After reading all of the articles on this website, it might seem like having fun while paying off student… Continue Reading Having Fun While Paying Off Student Loans

Discussing Student Loans with Friends and Family

December 24, 2018December 24, 2018 Jordan RothmanRepayment Strategies

It is very easy to be consumed by student loans while paying off your student debt. As previously mentioned on this website, I was absolutely obsessed with my student loans during my student debt repayment saga. Over the past year or so, I have also communicated with hundreds of people who have told me how consumed they are with their student loans. Of course, student debt borrowers often want to talk about their experiences with… Continue Reading Discussing Student Loans with Friends and Family

Why It’s Important to Keep Track of Your Student Loans

December 10, 2018March 7, 2021 Jordan RothmanRepayment Strategies

As many student debt borrowers are already aware, paying off student loans can be very overwhelming. Not only is it difficult to find the money to pay off student debt, but it can be hard to keep track of each student loan account a borrower has. As previously mentioned on this website, I personally had four student loan accounts, and some borrowers have many more individual student loans they need to keep tabs on. Since… Continue Reading Why It’s Important to Keep Track of Your Student Loans

Buying a Home Is Not Worth It in Many Situations

December 3, 2018 Jordan RothmanRepayment Strategies, Saving Money

During my student debt repayment saga, completely paying off my student loans was my number one financial goal. I wholeheartedly devoted myself toward my objective of paying off student loans, and I used a number of strategies to save money and earn extra cash so that additional funds could be devoted to this goal. Once I was finally done paying off my student loans, my biggest financial goal was purchasing a home of my own. … Continue Reading Buying a Home Is Not Worth It in Many Situations

Being Cheap Can Cost You Money in the Long Run

November 12, 2018 Jordan RothmanRepayment Strategies, Saving Money

Everyone who reads this website is likely very aware that I am a huge proponent of eliminating expenses so that additional cash can be devoted to student debt. And it is true that saving money is as integral part of any strategy to pay off student loans. However, based on my own personal experiences, sometimes being cheap can cost you money. It might sound counter-intuitive that frugality can actually lead you to spend more money.… Continue Reading Being Cheap Can Cost You Money in the Long Run

Joining the Military Can Help You Pay Off Student Loans

November 5, 2018 Jordan RothmanChoosing Schools, Repayment Strategies

This website has already discussed a number of strategies that individuals can employ in order to pay off their student loans. Indeed, there are many ways that borrowers can save money and earn extra income so that additional cash can be devoted to student debt. However, people can also work certain jobs that include employee benefits, which can help with student loans. Indeed, as many individuals already know, the military can help you with student… Continue Reading Joining the Military Can Help You Pay Off Student Loans

Fighting Against the Student Loan Scammers

June 21, 2018March 11, 2022 Adam RothmanGuest Articles, Repayment Strategies

Student loans are no joke. For those who rely on them to complete their education, these loans can soon become significant burdens. Monthly student loan payments often represent large portions of people’s discretionary incomes, and may prevent recent graduates from making key life decisions due to financial instability (marriage, children, homeownership…the list goes on). While cosigners can sometimes ease the burdens on student loan borrowers, they can also create a whole other set of problems… Continue Reading Fighting Against the Student Loan Scammers

Dealing with the Bankruptcy of a Student Loan Cosigner

May 17, 2018March 11, 2022 Adam RothmanGuest Articles, Repayment Strategies

In a previous article, I delved into the issues that can arise when a student loan cosigner dies, and how to best deal with any problems that may result. This time around, I will talk about a rarer, though sometimes more problematic dilemma: what to do when a cosigner declares bankruptcy. While renegotiating the terms of the student loan may still be an option, the worst case scenario (an automatic default) is what commonly occurs.… Continue Reading Dealing with the Bankruptcy of a Student Loan Cosigner