debt Archives - Page 10 of 20 - Student Debt Diaries

Going to College Just for the College Experience

March 2, 2020March 2, 2020 Jordan RothmanChoosing Schools

This website has already discussed how student loan borrowers can face a number of issues after debt-financing their college educations. As a result, prospective college students need to make careful decisions about whether to go to college and what they should study once they are in college. However, going to college just for the college experience is sometimes appropriate, and college may be worth the cost even if you do not explicitly train for your… Continue Reading Going to College Just for the College Experience

Crowdfunding Student Debt Repayment

February 24, 2020 Jordan RothmanRepayment Strategies

I have heard of some nontraditional ways of paying off student loans since I began Student Debt Diaries over two and a half years ago. Some have paid off student loans by winning the lottery, and others have seemingly paid off student loans through bankruptcy. Recently, I was perusing my social media, and I discovered someone who had set up a crowdfunding page aimed at paying off his student loans. Although crowdfunding student debt repayment… Continue Reading Crowdfunding Student Debt Repayment

Dealing with a Different Student Loan Servicer

February 17, 2020February 17, 2020 Jordan RothmanRepayment Strategies

As many student debt borrowers already know from first-hand experience, a number of companies are involved with student loans. Normally, there is a lender, which is usually the government or a private bank. Then, there is a student loan servicer that manages the debt and oversees the repayment of this money. Although some banks may service student loans in house, most student debt borrowers need to contend with third-party student loan servicers. It is not… Continue Reading Dealing with a Different Student Loan Servicer

Invest Available Money Whenever Possible

February 10, 2020February 10, 2020 Jordan RothmanRepayment Strategies, Saving Money

This website has previously discussed how student debt borrowers, and pretty much everyone else, should save money for emergencies. It is important to have some cash stashed away in case you are laid off, face medical issues, or experience a number of other problems in your life. Most experts advise individuals to put six months of living expenses aside for emergencies, but this does not all need to be in cash. Indeed, individuals should invest… Continue Reading Invest Available Money Whenever Possible

PhD Programs Without Funding Are Usually a Bad Idea

February 3, 2020 Jordan RothmanChoosing Schools

Earning a PhD requires a huge commitment. Indeed, it typically takes four or more years to earn a doctorate degree, and most programs require candidates to complete lengthy dissertations in order to earn their degrees. Furthermore, candidates must often forgo lucrative opportunities in order to pursue their PhD degrees. Given all of the sacrifices that PhD students make, it is important to recognize that PhD programs without funding are usually a bad idea. Most people… Continue Reading PhD Programs Without Funding Are Usually a Bad Idea

Prioritize Student Loans Over Retirement Savings

January 27, 2020 Jordan RothmanRepayment Strategies

As this website has already discussed at length, student loan borrowers often have a number of financial responsibilities and limited resources to satisfy these obligations. Indeed, student debt borrowers need to devote substantial funds to student loans each month, and also need to pay for living expenses, housing costs, and other expenses. In addition, as we all know, people should save money for retirement so that they will be able to enjoy a comfortable life… Continue Reading Prioritize Student Loans Over Retirement Savings

Dealing with Medical Costs and Student Loans

January 20, 2020 Jordan RothmanRepayment Strategies, Saving Money

This website has already discussed how students may have a difficult time paying for medical costs, since they have little disposable income. Of course, medical expenses may impose an unexpected hardship on people, and students are oftentimes affected the most by medical expenses because they do not have steady income. In addition, dealing with medical costs and student loans can be especially difficult for many student debt borrowers. However, by keeping a few things in… Continue Reading Dealing with Medical Costs and Student Loans

Paying Medical Costs as a Student

January 13, 2020 Jordan RothmanSaving Money

As this website has previously mentioned, current students and individuals grappling with student loans often have limited disposable income. Since students do not have jobs, and people paying off student debt need to devote large sums of money each month to their loans, it might be difficult for these individuals to pay for a variety of life necessities. However, if you keep a few things in mind, paying medical costs as a student can be… Continue Reading Paying Medical Costs as a Student

Getting Student Loans in a Hurry

December 30, 2019 Jordan RothmanAdvice for Parents, Choosing Schools

Anyone with student loans understands how the process of obtaining student debt is extremely complicated. Not only do student debt borrowers typically have to complete financial paperwork with their schools, but they have to submit paperwork with student loan lenders as well. Sometimes people need to secure student loans on short notice because they just got admitted to a program or their circumstances change. However, if you keep a few things in mind, getting student… Continue Reading Getting Student Loans in a Hurry

Wealthy People Shouldn’t Feel Guilty About Student Debt

December 23, 2019 Jordan RothmanAdvice for Parents, Choosing Schools

Wealthy People Shouldn't Feel Guilty About Student Loans

Student debt is a burden that is faced by millions of Americans. However, some people are able to obtain their degrees without needing to borrow student loans. Many students receive academic and athletic scholarships, and some universities ensure that all students will graduate debt free despite their financial background. In addition, some people do not need to borrow student loans because their parents are fully paying for their educational costs. Although such individuals may feel… Continue Reading Wealthy People Shouldn’t Feel Guilty About Student Debt