extra cash Archives - Page 2 of 11 - Student Debt Diaries

Making Money on Student Loans

September 6, 2021September 6, 2021 Jordan RothmanEarning Extra Money

As many people can attest to from firsthand information, numerous companies and individuals make money on student loans. Lenders charge high interest rates on student debt borrowers, and this can be good business for such lenders in the right circumstances. Moreover, colleges and universities also make big money on student loans since they are largely funded by debt borrowed from students. However, other individuals are making money on student loans in different ways, and it… Continue Reading Making Money on Student Loans

Car Loans Are Different From Student Loans

August 23, 2021 Jordan RothmanRepayment Strategies

After borrowing student debt, I did not want to borrow money for anything else I needed in life. I was able to overcome this aversion to debt when buying a home, and I took out a mortgage to purchase a condo several years ago. More recently, I purchased a car, and I had an extreme aversion to borrowing money to purchase this vehicle. However, car loans are different from student loans, and student debt borrowers… Continue Reading Car Loans Are Different From 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

Student Loans Should Not Impact Relationships

August 9, 2021August 12, 2021 Jordan RothmanRepayment Strategies

Student loans can have a substantial impact on many major life decisions. Indeed, student loans can impact when and if individuals choose to buy a home, a car, or make other financial choices. However, student loans should not impact relationships, and individuals should not let their own student loans, or the debt of a partner, impact their connection with someone else. During my student debt repayment saga, I was afraid that my student debt would… Continue Reading Student Loans Should Not Impact Relationships

Interviewing for Jobs on a Budget

August 2, 2021August 7, 2021 Jordan RothmanSaving Money

During the last year of college or graduate school, a student typically needs to interview for jobs that they hope to enter after they graduate. Some interviews may take place virtually, but some employers may wish the candidate to travel to them to interview in person. Students who are living on a modest budget may not have too much cash available to pay for travel and other costs related to interviewing. Nevertheless, interviewing for jobs… Continue Reading Interviewing for Jobs on a Budget

Working Your Way Through College

July 26, 2021July 26, 2021 Jordan RothmanEarning Extra Money

In the past, when tuition costs were lower, it was much easier to pay your way through college. Indeed, we have all probably heard a story or two from older individuals who recount how they worked a job as a college student that allowed them to cover tuition costs and expenses. Working your way through college is much more difficult in the present due to rising tuition costs, but it is very possible, and one… Continue Reading Working Your Way Through College

How Student Loans Have Changed Over the Years

July 19, 2021 Jordan RothmanRepayment Strategies

I originally borrowed student loans in 2005 to finance my first year of college. It is almost hard believe it has been sixteen years since I first started my student loan story, and this was half a lifetime ago. As I reflect on what student debt was like decades ago, there are definitely several ways how student loans have changed over the years, and the student loan landscape is in many ways better now than… Continue Reading How Student Loans Have Changed Over the Years

Self-Employment and Student Loans

July 12, 2021 Jordan RothmanRepayment Strategies

During my student debt repayment saga, I always had a main job working for other people. As mentioned in numerous prior articles on this website, I also had several part-time jobs that allowed me to generally work at my own pace and not deal with bosses and the other challenges of working for someone else (however, my main job always involved working for other folks). Years after I paid off my student loans, I decided… Continue Reading Self-Employment and Student Loans

Applying to Schools During Competitive Times

June 21, 2021June 26, 2021 Jordan RothmanChoosing Schools

As many applicants to undergraduate and graduate school programs understand from firsthand experience, some admission cycles are more competitive than others. People may wish to ride out hard economic times in academia, and the increase in applications can make it more difficult to be admitted to programs and be awarded financial aid. Because of the COVID-19 pandemic, and the economic consequences the pandemic has created, many people have applied to college and graduate school, and… Continue Reading Applying to Schools During Competitive Times

Biggest Student Loan Myths

June 14, 2021 Jordan RothmanRepayment Strategies

After four years of student loan blogging, I have encountered, and debunked, a number of myths associated with student loans. Indeed, there is a lot of misleading information about student loans on the internet, and some sources might suggest competing strategies for dealing with student debt. In any event, the biggest student loan myths I have encountered fit into a few distinct categories, and it is important that individuals are familiar with misinformation that might… Continue Reading Biggest Student Loan Myths