debt repayment Archives - Page 13 of 23

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

Losing Your Job While Repaying Student Loans

July 15, 2019 Jordan RothmanRepayment Strategies, Saving Money

Being laid off is an extremely difficult experience. Indeed, getting laid off can impact someone on an emotional level, and has a number of financial consequences as well. In addition, losing your job while repaying student loans can can be extremely difficult, since student debt borrowers typically need to repay debt on top of living expenses. However, if you keep a few things in mind, losing your job while repaying student loans can be much… Continue Reading Losing Your Job While Repaying Student Loans

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

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

Reusing Things to Save Money While Paying Off Student Loans

June 17, 2019June 29, 2019 Jordan RothmanSaving Money

This website has already published a number of articles about saving money so that additional cash can be devoted to student loans. Although many people are most interested in the articles on this website about earning income from side-hustles, it is actually more important to save money. As previously discussed, this is because taxes must be paid on any additional money you make. From my own personal experiences, reusing things to save money is one… Continue Reading Reusing Things to Save Money While Paying Off Student Loans

Being a Resident Advisor to Help with Student Loans

June 10, 2019 Jordan RothmanEarning Extra Money, Saving Money

As this website has already discussed at length, one’s battle with student loans often begins before a person graduates from school. Indeed, choices people make while in school can greatly impact the amount of debt individuals have to pay back once they graduate. As previously mentioned, I worked a variety of jobs during college and law school to help reduce the amount of student loans I had to borrow. As my experiences show, being a… Continue Reading Being a Resident Advisor to Help with Student Loans

Transferring Schools to Receive More Financial Aid

June 3, 2019June 17, 2019 Jordan RothmanChoosing Schools

When many people attend college and graduate school, they might think that they will stay at the university they select until they obtain their degree. And it is true that transferring schools is difficult for a number of academic programs. However, as this website has discussed in a few prior articles, it is possible to change schools as an undergraduate and while pursuing a graduate degree. Furthermore, transferring schools to receive more financial aid is… Continue Reading Transferring Schools to Receive More Financial Aid

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