I recently had a number of conversations with one of my friends who was thinking about attending law school about a decade after he graduated from college. This friend makes a great living in his current career, but he felt that his job was easy and that he was not getting too much mental stimulation with the work he performed on a daily basis. As such, this friend decided to apply to law school, not… Continue Reading Attending School for a Challenge
As many people understand from firsthand experience, students and recent graduates often need to complete unpaid internships during the school year and summers in order to build their resumes. Such unpaid internships may confer valuable experiences that can help the student during their job search later in their careers. However, unpaid internships hurt student debt borrowers, and employers should consider offering paid internships while interns should look for sources of funding. During my student debt… Continue Reading Unpaid Internships Hurt Student Debt Borrowers
This website has previously discussed how transferring schools can impact your educational costs and student debt burden. Indeed, some schools offer financial aid to transfer students, and the cost of attending a new school may be significantly less than attending the school which a student originally attended. In addition, a new school may have a lower cost of living, which can impact your bottom line. Even though transferring schools can be a major life decision,… Continue Reading Minimizing the Impact of Transferring Schools
When people think of students who have the most issues with student loans, they likely think that low-income students face the most challenges. Indeed, low-income students often do not have relatives who can afford to help with educational expenses and this can lead to a high debt load among low-income students. Of course, high-income students have less to worry about when it comes to educational expenses because their parents can often assist with educational costs.… Continue Reading Middle-Class Students Fall Through The Cracks Sometimes
College and gradate students encounter numerous costs and expenses while they pursue their degrees. Indeed, students often need to pay tens of thousands of dollars in tuition expenses and living costs needed to cover food and housing while they are a student. Although it might be more convenient to live on campus to be closer to class and other activities, living off campus to save money is a viable strategy in many instances. For the… Continue Reading Living Off Campus to Save Money
It can be difficult for individuals with student loans to set money aside for investments. Indeed, student debt can cause financial pressure and much available money must be devoted to living expenses and paying off debt. Nevertheless, this website has discussed some less risky investments to pay off student loans that student debt borrowers may wish to pursue in order to create an additional income stream. Student debt borrowers may not want to invest in… Continue Reading Risky Investments to Pay Off Student Loans
Some students know they will enroll in graduate school even before they enter college. This may be because individuals wish to enter certain fields that require a graduate school education or because they have an academic interest that they wish to pursue beyond college. In any case, grad school is more important than college in many instances, and individuals may wish to lower their undergraduate student debt to prepare for borrowing for graduate school. In… Continue Reading Grad School Is More Important Than College
Student loans can make it more difficult to have fun in college. Individuals with student debt may not have the resources needed to take trips in college or spend money on other things that can make the undergraduate experience more fun. In addition, student loans can cause a substantial amount of stress, which can put a damper on the college experience. However, students should have fun in college for a variety of reasons even if… Continue Reading Students Should Have Fun in College
Investing can be a daunting proposition for many people. Individuals may be scared of investing because they may think that they might make the wrong decisions and end up losing money. People may also not be too informed about the tools they can use to properly invest their money. However, investing is important to student loan borrowers because it is critical to make any money you have, whether it be in an emergency fund or… Continue Reading Getting More Comfortable with Investing
Student loans can have an adverse impact on your credit score. Individuals with a substantial amount of debt may not be able to borrow additional loans since they may be deemed a credit risk who are unable to take on more debt. However, individuals paying off student loans often need to borrow money in order to pay for a car, purchase a home, or complete other transactions. So long as student debt borrowers keep certain… Continue Reading Building Credit During Student Debt Repayment