college Archives - Student Debt Diaries

Student Loan Refinancing Is Still Worth It

March 21, 2022March 21, 2022 Jordan RothmanRefinancing Student Loans, Uncategorized

As many student debt borrowers already know from their own research, student loan refinancing is when an individual contracts with a new lender so that their student loans are paid off and they pay the new lender a lower interest rate. Student loan refinancing is attractive to student debt borrowers facing a number of situations since this can reduce the amount of interest a borrower pays over the life of the loan. Due to recent… Continue Reading Student Loan Refinancing Is Still Worth It

Student Debt Issues of First-Generation Students

December 20, 2021 Jordan RothmanIntroductory Articles

Many people who attend college have had someone in their family attend college before them. It is of course easier for people to make life choices if someone they trust made similar decisions before them because these trusted people can provide advice and guidance on how to proceed. However, there are student debt issues of first-generation students about which people should be aware so that they can help ensure that first-generation students are more successful… Continue Reading Student Debt Issues of First-Generation Students

Using Student Loan Money for Other Purposes

December 13, 2021December 13, 2021 Jordan RothmanRepayment Strategies

Obviously, when people borrow student debt, the reason they are loaned money is to pay for educational expenses. However, students are usually allowed to borrow money in order to pay for living expenses, and this can sometimes be a significant sum of cash. Students can decide to use this part of their student loans for purposes other than paying for housing, food, and related expenses. However, student debt borrowers should keep some things in mind… Continue Reading Using Student Loan Money for Other Purposes

Saving Money on Textbooks

November 15, 2021 Jordan RothmanSaving Money

College textbooks and course materials for most graduate programs can be extremely expensive. Indeed, it is not uncommon for students to spend between $500 and $750 on textbooks per semester depending on the courses and the degree that the student is pursuing. Since most college students need to borrow money to attend school, they may need to take on more debt to pay for textbooks they need for class. However, when saving money on textbooks,… Continue Reading Saving Money on Textbooks

When You Should Consider Community College

November 8, 2021 Jordan RothmanChoosing Schools

Community colleges are affordable higher education institutions that usually offer two-year degrees and credentials in a variety of vocational programs. Some community colleges offer four-year degrees, and certain community colleges may permit students to complete courses to earn credentials at other institutions. In any event, community colleges are usually an affordable option since credits typically cost a fraction of the price at a community college than at a traditional university. Although community colleges may not… Continue Reading When You Should Consider Community College

Graduate College on Time

October 11, 2021 Jordan RothmanChoosing Schools

Most college students complete their undergraduate studies in four years. There are a few accelerated programs, and some dual-degree programs that might require more time, but most students will spend four years in college. Oftentimes, people need to spend more time attending college, either because of a health issue, personal interests, family responsibilities, or other factors. Although some circumstances are out of a college student’s control, students should graduate college on time if at all… Continue Reading Graduate College on Time

When You Should Attend a For-Profit College

October 4, 2021October 10, 2021 Jordan RothmanChoosing Schools

Most colleges in the United States are non-profit institutions that receive tax benefits in exchange for providing public benefits. Nevertheless, numerous for-profit schools operate in this country, and millions of students attend such institutions. There has been some negative press about for-profit colleges and allegations that some of these institutions mislead students and commit other wrongs. However, there are a few instances when you should attend a for-profit college in the right circumstances. Non-Traditional Schedules… Continue Reading When You Should Attend a For-Profit College

Live Like a Student Into The Future

September 27, 2021 Jordan RothmanSaving Money

There is an old saying that you should live like a student now so you can live like a professional later. Essentially, this means that students and people who recently graduated from a program should keep their expenses low so that they can set themselves up financially for the future. However, individuals should not forego saving habits as they earn more and more money throughout there careers. In many instances, it pays to live like… Continue Reading Live Like a Student Into The Future

Make a Plan For Student Loans

September 20, 2021 Jordan RothmanRepayment Strategies

When people are high school students thinking about college, student loans may seem like a distant challenge. Indeed, high school students usually did not need to borrow debt for anything else before in their lives, so it can be difficult to evaluate the consequences of student loans and how educational expenses should be covered. However, everyone should make a plan for student loans as soon as possible, preferably as soon as they know that they… Continue Reading Make a Plan For Student Loans

Thoughts on Another Student Loan Pause

August 16, 2021 Jordan RothmanRepayment Strategies

Anyone who has been following the student loan industry in the past few years should know that federal student loan payments have currently been paused due to the COVID-19 pandemic. Policymakers understand that student debt borrowers may have difficulty making student loan payments if they are dealing with the fallout from the COVID-19 pandemic. Originally, the federal student loan pause was due to expire in September, but this date was recently extended to January. I… Continue Reading Thoughts on Another Student Loan Pause