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
The student loan landscape has not changed much over the past decade. Individuals who do not have financial resources to pay for school outright typically must borrow loans from government or private sources to cover educational expenses and then must pay back this debt. However, income-share agreements can help pay for school and are a novel new way to structure education financing. As such, more schools should consider this unique way of paying for college… Continue Reading Income-Share Agreements Can Help Pay for School
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
As many people already know, law school can be very expensive. Indeed, law students often need to borrow enough money to pay for three years of tuition and expenses to attend law school, and this can cost hundreds of thousands of dollars. Some states permit individuals to take the bar exam and become lawyers without graduating from law school under certain circumstances. In many situations, becoming a lawyer without law school is not only possible… Continue Reading Becoming a Lawyer Without Law School
As many people already know, a waitlist is for people who have not yet been admitted to an academic program, but who may be admitted at a later date depending on enrollment numbers. Individuals on a waitlist typically have nearly the right credentials to be admitted to a program, but space is limited because spots in a program have been offered to enough people who have not yet rejected an admission offer. Getting off a… Continue Reading Getting Off a Waitlist
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
Scholarships are often available for college athletes that play on Division One and Division Two NCAA athletic teams. However, athletes who play on Division Three teams are often not eligible to receive athletic scholarships to play sports in college. Smaller schools typically have such athletic programs, and athletes on these teams simply play the sports for the love of the game. Nevertheless, Division Three athletes get financial benefits from participating in sports in college in… Continue Reading Division Three Athletes Get Financial Benefits
As many people already know, the federal government has frozen federal student loan payments to deal with the ongoing COVID-19 pandemic. In addition, qualifying loans will not accrue interest until later this year. Although only certain types of borrowers are entitled to stop making payments, money saved from the student loan freeze can be devoted to a variety of purposes. Pay Down Other Debt Perhaps the most practical thing you can do with money saved… Continue Reading Money Saved from the Student Loan Freeze
When I attended college, I was thrilled to obtain need-based financial aid. This assistance made it much easier for me to pay for my educational costs and reduced the amount of student debt I needed to borrow. However, financial aid should increase over time, and students should not be provided the same level of aid each year they attend school. In college, my financial aid stayed constant throughout my four years as an undergraduate. One… Continue Reading Financial Aid Should Increase over Time