college Archives - Page 8 of 12 - Student Debt Diaries

What to do if You Miss a Student Loan Payment

September 23, 2019 Jordan RothmanRepayment Strategies

This website has already discussed a number of ways that borrowers can devote extra money to student loans. If you follow the advice on this website, you should be able to prepay a substantial amount of student loans so that the due date on this debt is months or even years into the future. However, there may come a time when you miss a student loan payment, and if this happens, it is important to… Continue Reading What to do if You Miss a Student Loan Payment

Studying Abroad with Financial Aid

September 16, 2019September 16, 2019 Jordan RothmanChoosing Schools, Repayment Strategies

Studying abroad can be an enriching part of your college experience. As many people already know, studying abroad involves attending a foreign college for a semester or two so that the students can earn academic credits and experience the culture of a foreign country. However, studying abroad with financial aid can be tricky. Nevertheless, if you keep a few things in mind, it is possible to study abroad without greatly impacting your bottom line. When… Continue Reading Studying Abroad with Financial Aid

Hire a College Counselor in Certain Situations

September 9, 2019 Jordan RothmanAdvice for Parents, Choosing Schools

As many people already know, applying to college is not easy. Not only are there a multitude of deadlines and forms that need to be completed in order to apply to undergraduate programs, but it is oftentimes difficult to determine which school you should attend. Since people are normally 16 or 17 years old when they apply to college, applicants often turn to parents for advice. However, it may make sense to hire a college… Continue Reading Hire a College Counselor in Certain Situations

Keep the Standard Repayment Plan

September 2, 2019 Jordan RothmanRepayment Strategies, Saving Money

As many student debt borrowers already know, individuals have many repayment options when paying off their student debt. Some repayment plans increase the monthly payment amount over time, and this may be helpful, since borrowers usually earn more money over the course of their careers. Other repayment options allow borrowers to pay off their student loans over different time periods, usually between ten to twenty years. Of course, the more time an individual has to… Continue Reading Keep the Standard Repayment Plan

Picking a Student Loan Cosigner

August 26, 2019 Jordan RothmanAdvice for Parents, Repayment Strategies

Many student debt borrowers need to secure a cosigner to guarantee their student loans. Students typically do not have a substantial credit history, and cosigners provide lenders an extra sense of security. A guest article (written by my brother) already teased out the issue of cosigners, but I also wanted to discuss a few considerations that come into play when picking a student loan cosigner based on my own experiences. As previously mentioned in a… Continue Reading Picking a Student Loan Cosigner

Paying Off Student Loans While in School

August 12, 2019 Jordan RothmanRepayment Strategies, Saving Money

As many people already know, borrowers typically do not need to pay off student loans while in school. Indeed, student loan lenders typically defer the student loans of current students, so that these borrowers do not need to worry about making payments and can focus on their studies. However, in some situations, paying off student loans while in school might make sense. As previously mentioned, I borrowed a number of private and government loans to… Continue Reading Paying Off Student Loans While in School

Traveling While Paying Off Student Loans

August 5, 2019 Jordan RothmanRepayment Strategies, Saving Money

As many people already know, traveling can be costly. Whether you take a train, plane, or automobile, people can spend a substantial sum of money on transportation costs. However, if you keep a few things in mind, traveling while paying off student loans does not need to hurt your bottom line. During my student debt repayment saga, I needed to travel a ton to get to school, back home, and for other reasons. I rarely… Continue Reading Traveling While Paying Off Student Loans

Using Student Loans for Other Purposes

July 22, 2019 Jordan RothmanRepayment Strategies, Saving Money

As this website has already discussed, individuals should do everything they can to minimize the amount of student loans they borrow. This is because student loans typically have high interest rates and can be an impediment to achieving a number of financial goals. However, individuals are usually allowed to borrow student debt for living costs in additional to educational expenses. Indeed, many schools typically issue students a check containing funds that are supposed to be… Continue Reading Using Student Loans for Other Purposes

State Schools Are Not Always Cheaper

July 8, 2019 Jordan RothmanChoosing Schools, Saving Money

Most people understand the conventional wisdom that state schools are often more affordable than attending private universities. Indeed, state schools are usually subsidized by the government, and tuition costs are typically lower at numerous state schools than many private colleges. However, state schools are not always cheaper, and students wishing to save money on tuition costs should not disregard private universities, since these colleges can actually help students lower their educational expenses. One reason why… Continue Reading State Schools Are Not Always Cheaper

How to Be More Eligible for Financial Aid

July 1, 2019July 1, 2019 Jordan RothmanChoosing Schools, Saving Money

As this website has mentioned in a few prior articles, both scholarships and need-based financial aid are available for students entering certain educational programs. Although scholarships are usually based on merit, need-based financial aid is typically doled out based on the financial background of students and their family. As mentioned previously, I received generous need-based financial aid to attend both college and law school. These experiences have shown me how to be more eligible for… Continue Reading How to Be More Eligible for Financial Aid