Repayment Strategies Archives - Page 9 of 10

How to Deal With the Death of a Student Loan Cosigner

April 26, 2018March 11, 2022 Adam RothmanGuest Articles, Repayment Strategies

Paying for college can be tricky when your family does not have the financial means to cover the cost. While some students may be lucky enough to get help in the form of financial aid or scholarships (like me), for many, the only realistic option is student loans. Although government loans are an option for a majority of student debt borrowers, many students must also rely on loans from private banks to cover the rest… Continue Reading How to Deal With the Death of a Student Loan Cosigner

How to Decide If You Should Refinance Your Student Loans

March 26, 2018March 10, 2022 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

Every student debt borrower has likely heard about refinancing options at one point or another. Indeed, many companies advertise refinancing programs on the internet, and you’ve probably even seen a few of these advertisements on this website. In addition, we all likely know someone who has refinanced their student loans, and I am sure many of you have already considered whether you should refinance your student debt. I personally did not refinance my student loans… Continue Reading How to Decide If You Should Refinance Your Student Loans

How to Pay Off Student Loans Without Alienating Friends

March 19, 2018 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

This website has already discussed how paying off student loans can strain personal relationships. And it is true that student loans can limit the amount of resources one has to socialize with friends. In addition, even talking about student loans with friends and acquaintances can alienate people, since student debt is one of those sensitive topics that can create tension. As I previously mentioned, during my student debt repayment saga, I was absolutely obsessed with… Continue Reading How to Pay Off Student Loans Without Alienating Friends

How to Decide If You Should Invest Available Money or Pay Off Student Loans Early

March 12, 2018 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

Invest Free Money or Pay Off Student Loans

This website has already discussed certain situations in which it does not make sense to pay off student loans early. In addition, the website has also explained how sometimes it is not wise to pay off student loans even though you may have money available to devote to student debt. Of course, if you can make more money investing cash than the interest that would be offset from paying off student loans early, it is… Continue Reading How to Decide If You Should Invest Available Money or Pay Off Student Loans Early

How to Maximize the Tax Benefits of Paying Off Student Loans

March 5, 2018March 5, 2018 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

This website has already discussed some of the tax implications of working side-hustles to pay off student loans. Of course, it is inevitable that the “tax man” will take much of the cash you make from part-time gigs, even though you devote this money to student debt. However, there are a few tax benefits to paying off student loans. It is important to keep these tax considerations in mind while paying off student debt, since… Continue Reading How to Maximize the Tax Benefits of Paying Off Student Loans

How to Decide If Income-Driven Repayment Plans Are Right for You

February 26, 2018June 13, 2018 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

This website has already discussed ways that individuals can pay off their student loans early by earning extra money and cutting expenses to save additional cash. However, for many student debt borrowers, it might not make sense to pay off student loans early. Indeed, the availability of income-driven repayment plans means that individuals can eventually have their student debt forgiven after a period of timely payments. I never seriously considered income-driven repayment plans during my… Continue Reading How to Decide If Income-Driven Repayment Plans Are Right for You

How to Decide Which Debts to Pay Off Before Student Loans

February 19, 2018February 19, 2018 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

For many people, student loans are just one type of debt that a person has. Indeed, numerous individuals have credit card debt, car loans, mortgages, and other types of debt that need to be handled in addition to student loans. It is oftentimes difficult to determine how best to pay off student loans while also dealing with these other types of debt. Of course, the best strategy is to minimize any debt you have in… Continue Reading How to Decide Which Debts to Pay Off Before Student Loans

How to Decide Which Student Loans to Pay Off First

February 12, 2018February 12, 2018 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

This website has already discussed methods that can be used to minimize expenses and save extra money. This website has also included strategies that anyone can use in order to make additional cash through side-hustles. If you follow this advice, hopefully you will be able to pay more than the minimum amounts due on your student debt, and you will then have to decide which student loans to pay off first. Before paying off certain… Continue Reading How to Decide Which Student Loans to Pay Off First

How to Pay Off Student Loans Without Hurting Your Credit Score

February 5, 2018February 5, 2018 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

Many people believe that paying off student loans is good for one’s credit score. Of course, paying down debt demonstrates great financial responsibility and shows that you can be trusted to borrow more money in the future. In addition, being free from student loans means that you do not have outstanding financial obligations that could limit you from paying off other loans. However, the geniuses at the credit bureaus have strange rubrics for assessing one’s… Continue Reading How to Pay Off Student Loans Without Hurting Your Credit Score

How to Buy a Home While Paying Off Student Loans

January 29, 2018January 29, 2018 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

As has been previously discussed on this website, it can be extremely difficult to work toward a variety of financial goals while paying off student loans. Indeed, student debt limits the amount of resources borrowers can devote to certain financial objectives, since student debt consumes cash that might be dedicated to other goals. Even though it might be advantageous to make certain financial decisions, like buying a home, it can be difficult to save extra… Continue Reading How to Buy a Home While Paying Off Student Loans