repayment Archives - Page 2 of 18 - Student Debt Diaries

Biggest Goals After Repaying Student Debt

October 18, 2021 Jordan RothmanSaving Money

Repaying student loans is usually one of the biggest financial goals that recent graduates have. Student debt can seem like a millstone around the necks of student debt borrowers, and many people view repaying such loans as their primary financial aspiration after they graduate from school. However, after student loans are paid off, individuals may work toward other financial aspirations, and the biggest goals after repaying student debt fall into a few categories. Buy a… Continue Reading Biggest Goals After Repaying Student Debt

Graduate College on Time

October 11, 2021 Jordan RothmanChoosing Schools

Most college students complete their undergraduate studies in four years. There are a few accelerated programs, and some dual-degree programs that might require more time, but most students will spend four years in college. Oftentimes, people need to spend more time attending college, either because of a health issue, personal interests, family responsibilities, or other factors. Although some circumstances are out of a college student’s control, students should graduate college on time if at all… Continue Reading Graduate College on Time

When You Should Attend a For-Profit College

October 4, 2021October 10, 2021 Jordan RothmanChoosing Schools

Most colleges in the United States are non-profit institutions that receive tax benefits in exchange for providing public benefits. Nevertheless, numerous for-profit schools operate in this country, and millions of students attend such institutions. There has been some negative press about for-profit colleges and allegations that some of these institutions mislead students and commit other wrongs. However, there are a few instances when you should attend a for-profit college in the right circumstances. Non-Traditional Schedules… Continue Reading When You Should Attend a For-Profit College

Live Like a Student Into The Future

September 27, 2021 Jordan RothmanSaving Money

There is an old saying that you should live like a student now so you can live like a professional later. Essentially, this means that students and people who recently graduated from a program should keep their expenses low so that they can set themselves up financially for the future. However, individuals should not forego saving habits as they earn more and more money throughout there careers. In many instances, it pays to live like… Continue Reading Live Like a Student Into The Future

Make a Plan For Student Loans

September 20, 2021 Jordan RothmanRepayment Strategies

When people are high school students thinking about college, student loans may seem like a distant challenge. Indeed, high school students usually did not need to borrow debt for anything else before in their lives, so it can be difficult to evaluate the consequences of student loans and how educational expenses should be covered. However, everyone should make a plan for student loans as soon as possible, preferably as soon as they know that they… Continue Reading Make a Plan For Student Loans

Defaulting on Student Loans Can Be Advantageous

August 30, 2021August 30, 2021 Jordan RothmanRepayment Strategies

If you have read prior articles on this website, you probably know that I typically suggest paying off your student loans and staying current on student debt at all costs. Indeed, making late payments on your student loans or no payments at all can jeopardize your credit and your financial future. However, in certain situations, defaulting on student loans can be advantageous. Although, it usually does not make sense to purposefully default on student loans,… Continue Reading Defaulting on Student Loans Can Be Advantageous

Car Loans Are Different From Student Loans

August 23, 2021 Jordan RothmanRepayment Strategies

After borrowing student debt, I did not want to borrow money for anything else I needed in life. I was able to overcome this aversion to debt when buying a home, and I took out a mortgage to purchase a condo several years ago. More recently, I purchased a car, and I had an extreme aversion to borrowing money to purchase this vehicle. However, car loans are different from student loans, and student debt borrowers… Continue Reading Car Loans Are Different From Student Loans

Thoughts on Another Student Loan Pause

August 16, 2021 Jordan RothmanRepayment Strategies

Anyone who has been following the student loan industry in the past few years should know that federal student loan payments have currently been paused due to the COVID-19 pandemic. Policymakers understand that student debt borrowers may have difficulty making student loan payments if they are dealing with the fallout from the COVID-19 pandemic. Originally, the federal student loan pause was due to expire in September, but this date was recently extended to January. I… Continue Reading Thoughts on Another Student Loan Pause

Interviewing for Jobs on a Budget

August 2, 2021August 7, 2021 Jordan RothmanSaving Money

During the last year of college or graduate school, a student typically needs to interview for jobs that they hope to enter after they graduate. Some interviews may take place virtually, but some employers may wish the candidate to travel to them to interview in person. Students who are living on a modest budget may not have too much cash available to pay for travel and other costs related to interviewing. Nevertheless, interviewing for jobs… Continue Reading Interviewing for Jobs on a Budget

Working Your Way Through College

July 26, 2021July 26, 2021 Jordan RothmanEarning Extra Money

In the past, when tuition costs were lower, it was much easier to pay your way through college. Indeed, we have all probably heard a story or two from older individuals who recount how they worked a job as a college student that allowed them to cover tuition costs and expenses. Working your way through college is much more difficult in the present due to rising tuition costs, but it is very possible, and one… Continue Reading Working Your Way Through College