financial aid Archives - Page 4 of 7

Going to Graduate School Because of COVID-19

April 20, 2020April 20, 2020 Jordan RothmanRepayment Strategies

As this website has discussed in prior articles, COVID-19 has impacted many student debt borrowers and the population as a whole. Indeed, numerous people have been laid off because of the ongoing pandemic, and job prospects are poor for many graduating students and individuals at the beginning of their careers. Some folks may wish to ride out the economic uncertainty by enrolling in graduate school, but going to graduate school because of COVID-19 is not… Continue Reading Going to Graduate School Because of COVID-19

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

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

Middle-Class Borrowers Have Less Financial Aid Choices

October 7, 2019 Jordan RothmanAdvice for Parents, Repayment Strategies

This website has previously discussed how students can obtain financial aid in order to minimize the amount of debt they borrow to earn a degree. As already discussed, students can usually apply for institutional financial aid at the schools they attend, and outside scholarships and grants are also available for qualified students. However, middle-class student loan borrowers often have less financial aid options, and they usually have to make the most difficult choices when it… Continue Reading Middle-Class Borrowers Have Less Financial Aid Choices

Studying Abroad with Financial Aid

September 16, 2019September 16, 2019 Jordan RothmanChoosing Schools, Repayment Strategies

Studying abroad can be an enriching part of your college experience. As many people already know, studying abroad involves attending a foreign college for a semester or two so that the students can earn academic credits and experience the culture of a foreign country. However, studying abroad with financial aid can be tricky. Nevertheless, if you keep a few things in mind, it is possible to study abroad without greatly impacting your bottom line. When… Continue Reading Studying Abroad with Financial Aid

Hire a College Counselor in Certain Situations

September 9, 2019 Jordan RothmanAdvice for Parents, Choosing Schools

As many people already know, applying to college is not easy. Not only are there a multitude of deadlines and forms that need to be completed in order to apply to undergraduate programs, but it is oftentimes difficult to determine which school you should attend. Since people are normally 16 or 17 years old when they apply to college, applicants often turn to parents for advice. However, it may make sense to hire a college… Continue Reading Hire a College Counselor in Certain Situations

Picking a Student Loan Cosigner

August 26, 2019 Jordan RothmanAdvice for Parents, Repayment Strategies

Many student debt borrowers need to secure a cosigner to guarantee their student loans. Students typically do not have a substantial credit history, and cosigners provide lenders an extra sense of security. A guest article (written by my brother) already teased out the issue of cosigners, but I also wanted to discuss a few considerations that come into play when picking a student loan cosigner based on my own experiences. As previously mentioned in a… Continue Reading Picking a Student Loan Cosigner

Paying Off Student Loans While in School

August 12, 2019 Jordan RothmanRepayment Strategies, Saving Money

As many people already know, borrowers typically do not need to pay off student loans while in school. Indeed, student loan lenders typically defer the student loans of current students, so that these borrowers do not need to worry about making payments and can focus on their studies. However, in some situations, paying off student loans while in school might make sense. As previously mentioned, I borrowed a number of private and government loans to… Continue Reading Paying Off Student Loans While in School

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