interest rates Archives - Student Debt Diaries

Dealing with Inflation

December 6, 2021December 6, 2021 Jordan RothmanRepayment Strategies

As many people might have heard on the news recently, the United States, and indeed much of the globe, is experiencing the worst inflation in decades. For those who may not know, inflation is when prices of goods and services increase. COVID-19 is making it more difficult to ship goods, and the scarcity of goods along with pressures in the job market are increasing prices. Everyone needs to contend with inflation since it seems like… Continue Reading Dealing with Inflation

Getting More Comfortable with Investing

April 5, 2021 Jordan RothmanEarning Extra Money

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

Financial Aid Should Increase over Time

January 25, 2021 Jordan RothmanChoosing Schools

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

How Mortgages Are Different Than Student Loans

December 21, 2020December 21, 2020 Jordan RothmanRepayment Strategies

After repaying student loans, it might be difficult for student debt borrowers to feel comfortable about borrowing money for other purposes later in their lives. Indeed, after repaying student loans, I was debt-free for the first time in my adult life, and the feeling was amazing. However, after some research, I decided to borrow a mortgage in order to buy a home. For a variety of reasons, mortgages are different than student loans, and student… Continue Reading How Mortgages Are Different Than Student Loans

Student Loan Relief Because of COVID-19

April 6, 2020 Jordan RothmanRepayment Strategies

As many people are already aware, on March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act, also known as the “CARES” Act. This law provides for economic relief to American businesses and residents, and it is the largest government stimulus package ever passed by Congress. In addition, the CARES Act includes a great deal of student loan relief because of COVID-19. Legislators understand that student debt borrowers have been substantially impacted… Continue Reading Student Loan Relief Because of COVID-19

Investing to Pay Off Student Loans

November 4, 2019 Jordan RothmanRepayment Strategies, Saving Money

This website has already discussed how earning extra money is critical to paying off student loans. The more money you have, the more resources you possess at your disposal to take care of living expenses and devote money to student debt. Prior articles have discussed how individuals can work a number of side-hustles to earn extra money, and part-time work can increase the amount of money you have to pay off debt. However, if you… Continue Reading Investing to Pay Off Student Loans

Student Debt Repayment Gets Easier Over Time

April 29, 2019 Jordan RothmanRepayment Strategies

Student debt repayment can seem like a daunting challenge. Indeed, someone who is about to graduate from school, and looks at the amount of student loans they have racked up over years, may wonder how they will ever pay off this debt. Student loans can be especially daunting for recent graduates who do not yet have employment lined up, and otherwise do not have a plan for repaying their student loans. However, student debt repayment… Continue Reading Student Debt Repayment Gets Easier Over Time

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

Hold off on Spending Money for as Long as Possible

February 11, 2019 Jordan RothmanRepayment Strategies, Saving Money

Many articles on this website have already discussed various strategies that can be implemented to save money so that additional cash can be devoted to student loans. Most student debt borrowers already know how cutting expenses can help individuals repay their student loans early, and saving money is perhaps even more important that earning extra cash for a variety of reasons. However, if you need to spend money while repaying student loans, it is important… Continue Reading Hold off on Spending Money for as Long as Possible