debt Archives - Page 14 of 20 - Student Debt Diaries

Making Big Purchases While Paying Off Student Loans

April 22, 2019 Jordan RothmanRepayment Strategies, Saving Money

Paying off student loans can financially strain even the most frugal and cost-conscious of borrowers. Indeed, making monthly student debt payments can drain a borrower’s financial resources so that individuals cannot save money or devote funds to purposes other than debt repayment. This financial rigidity can also make it difficulty to deal with a life emergency or to purchase major items that all of us need to buy at some point or another. However, making… Continue Reading Making Big Purchases While Paying Off Student Loans

Receiving Financial Aid After Applying Early Decision

April 15, 2019 Jordan RothmanChoosing Schools

As many readers of this website already know, it can be very difficult for prospective college and graduate students to apply to different educational programs if they have limited financial means. The cost of application fees and traveling to different campuses can add up, and individuals can be limited in their educational options if they are restricted financially. One of the common beliefs about lower-income students is that individuals hoping to receive financial aid should… Continue Reading Receiving Financial Aid After Applying Early Decision

Siblings Can Help Each Other with Student Loans

April 8, 2019 Jordan RothmanRepayment Strategies

This website has already discussed some of the ways that parents can help their children with student loans. And it is of course true that parents can have a major influence on how their children are impacted by student debt. However, many people might not realize that siblings can also help each other with student loans. I am a triplet, and I have twin older brothers. We have all had to help each other throughout… Continue Reading Siblings Can Help Each Other with Student Loans

Can You Be Too Old to Borrow Student Loans?

April 1, 2019 Jordan RothmanRepayment Strategies

Since founding Student Debt Diaries over a year and a half ago, I have received emails from numerous people across the country. Some of the individuals who email me are non-traditional students seeking advice about how they can pay for their educational costs. On a few occasions, individuals in their 50s and 60s have reached out to me and asked me if I thought they were too old to borrow student loans. Of course, individuals… Continue Reading Can You Be Too Old to Borrow Student Loans?

Working a Part-Time Job During College

March 25, 2019 Jordan RothmanEarning Extra Money

One of the best ways to minimize the amount of student debt one needs to borrow is to work a part-time job while in school. Working a part-time job during college or graduate school can reduce the amount of loans you need to borrow for living costs, and can be an enriching experience as well. Prior articles have discussed working a part-time job in law school and medical school, and it is of course beneficial… Continue Reading Working a Part-Time Job During College

Student Loans Shouldn’t Keep You from Your Dreams

March 18, 2019March 18, 2019 Jordan RothmanRepayment Strategies, Saving Money

This website has discussed at length how student loans can force individuals to make a number of sacrifices. Indeed, many student debt borrowers need to save money in extraordinary ways and miss out on a number of enriching experiences when trying to pay off student loans. However, my own personal experiences have shown me that student loans shouldn’t keep you from your dreams, and you must not let debt prevent you from finding happiness. The… Continue Reading Student Loans Shouldn’t Keep You from Your Dreams

How to Save Money as a Law Student

March 11, 2019 Jordan RothmanSaving Money

As many individuals are already aware, law school is extremely expensive. Indeed, people usually need to borrow hundreds of thousands of dollars in order to pay for tuition costs and living expenses while attending law school. Of course, saving money in law school allows one to borrow less money to earn a law degree, and will also mean that less interest will accrue on the debt one does borrow. As a result, saving money as… Continue Reading How to Save Money as a Law Student

Starting a Business While Paying Off Student Loans

March 4, 2019 Jordan RothmanRepayment Strategies, Saving Money

Several prior articles on this website have already discussed how student loans can impede student debt borrowers from achieving numerous goals in life. Indeed, student loans can make it difficult to buy a home, save for retirement, and accomplish many other objectives. In addition, starting a business while paying off student loans is extremely difficult for a variety of reasons. As numerous student loan borrowers are already aware, student debt impacts the amount of capital… Continue Reading Starting a Business While Paying Off Student Loans

Parents Should Equally Help Children with Educational Costs

February 25, 2019February 26, 2019 Jordan RothmanAdvice for Parents

Parents Should Equally Help Children With Student Loans

Since founding Student Debt Diaries almost 18 months ago, I have received hundreds of emails from people across the country. Although most individuals who email me have student loans themselves, I also receive numerous messages from parents of children with student debt. Usually, parents reach out to me in order to discover ways that they can help their kids with student loans. However, a few parents have discussed their financial struggles and other issues that… Continue Reading Parents Should Equally Help Children with Educational Costs

Working a Part-Time Job During Law School

February 18, 2019February 25, 2019 Jordan RothmanChoosing Schools, Earning Extra Money

As many people already know, law school and other graduate programs are very rigorous. The coursework required to earn most graduate degrees is extremely difficult, and graduate students typically have more responsibilities than undergraduates. However, from my own personal experiences, working a part-time job during law school or another graduate program can help minimize your student debt burden. While I was in college, I had a few part-time jobs. I gave tours for the admissions… Continue Reading Working a Part-Time Job During Law School