loans Archives - Page 8 of 23 - Student Debt Diaries

Professionals with the Worst Student Debt Burdens

August 3, 2020August 3, 2020 Jordan RothmanChoosing Schools, Repayment Strategies

Many people believe that if they borrow money to enter a profession, they will be able to earn enough cash to quickly pay off any educational debt. It is true that more-educated individuals typically earn more money, but not everyone in each profession earns an equally high sum of money. In addition, the amount of debt that people borrow to enter certain professions can be extremely challenging for many individuals. In any case, professionals with… Continue Reading Professionals with the Worst Student Debt Burdens

Saving Money While Applying to Law Schools

July 20, 2020 Jordan RothmanSaving Money

As many people already know, applying to law schools can be an expensive process. Applicants generally need to pay a hefty sum in application fees and test score fees for each school to which they apply, and this can add up depending on how many schools an applicant considers. Also, applicants need to pay seat deposit fees to at least one school in order to secure a place in an incoming class. However, saving money… Continue Reading Saving Money While Applying to Law Schools

Attending Summer School to Save Money

July 13, 2020 Jordan RothmanChoosing Schools

This website has already discussed some enrollment strategies that can help students minimize the amount of money they spend to attend college. Indeed, individuals can graduate from college early, earn a graduate degree in college, and take other steps to lower their educational expenses. Although it might not be apparent to many, attending summer school to save money is also a viable strategy for numerous college students. One of the ways that attending summer school… Continue Reading Attending Summer School to Save Money

Pay it Forward After Repaying Student Loans

July 6, 2020 Jordan RothmanRepayment Strategies

When student debt borrowers are repaying student loans, it may be difficult to think about what it will be like when all of your debt is paid off. Indeed, paying off student loans may seem like an impossible task that requires years of dedication in order to accomplish. However, if you stay focused and follow the advice on this website, you should be able to pay off your student loans within a reasonable amount of… Continue Reading Pay it Forward After Repaying Student Loans

How Much You Should Save in a 529 Plan

June 29, 2020 Jordan RothmanAdvice for Parents

This website has previously discussed how parents can save money in a tax-advantaged 529 account for their kids’ educational expenses. Indeed, a previous article noted how anyone can make a contribution to a 529 account, and this could be a good substitute for giving gifts to a child. Although there are many opinions on the internet about saving goals for 529s, there are a few things you should keep in mind when evaluating how much… Continue Reading How Much You Should Save in a 529 Plan

Living in a Dorm is Worth the Money

June 22, 2020June 22, 2020 Jordan RothmanAdvice for Parents, Saving Money

Most college students live in residence halls on campus for at least the first year or two of their studies. It is usually thought that dorm life is preferable for students starting their college careers so that they can meet people and have easy access to dining halls and other campus facilities. Of course, living on campus is often more expensive than most off-campus living options, and the amenities of on-campus living are often limited.… Continue Reading Living in a Dorm is Worth the Money

Tips for Applying for Financial Aid

June 15, 2020 Jordan RothmanChoosing Schools

Financial aid is an important part of lowering education costs and graduating from school with as little student debt as possible. As discussed in several prior articles, I received generous need-based financial aid to attend college and graduate school. Although many people do not qualify for financial aid due to their families’ financial background, financial aid can be a critical lifeline for many students. After reflecting on my own experiences with financial aid, there are… Continue Reading Tips for Applying for Financial Aid

Best College Majors For Student Debt

June 8, 2020 Jordan RothmanChoosing Schools

Students typically have a vast variety of subjects which they can study at many colleges and universities across the country. Although some technical schools focus on teaching science courses, and small liberal arts colleges have a limited range of majors, many universities afford students numerous options with respect to academic pursuits. It is important for students to consider the best college majors for student debt, since some majors may help graduates earn more money and… Continue Reading Best College Majors For Student Debt

Colleges May Go Bankrupt Because of COVID-19

June 1, 2020June 1, 2020 Jordan RothmanChoosing Schools

Prior articles on this website have already discussed how student debt borrowers and the general public are adapting to meet the challenges of COVID-19. Indeed, this website has noted how students may wish to forgo enrolling at certain schools for the time being, since many campuses will be closed for the foreseeable future, and courses can be completed remotely at cheaper institutions. Many commentators have begun to discuss the financial challenges this situation may pose… Continue Reading Colleges May Go Bankrupt Because of COVID-19

Saving Money While Searching for Jobs

May 25, 2020 Jordan RothmanSaving Money

The ongoing COVID-19 pandemic has had an extremely negative effect on the economy, and has had an especially disruptive impact on the job market. Indeed, millions of people have lost their jobs over the past few months, and the current unemployment rate has not been seen in many decades. Because of the economic climate, many people are currently hunting for jobs, but it can be difficult to search for jobs while saving money, especially if… Continue Reading Saving Money While Searching for Jobs