repayment Archives - Page 3 of 18 - Student Debt Diaries

How Student Loans Have Changed Over the Years

July 19, 2021 Jordan RothmanRepayment Strategies

I originally borrowed student loans in 2005 to finance my first year of college. It is almost hard believe it has been sixteen years since I first started my student loan story, and this was half a lifetime ago. As I reflect on what student debt was like decades ago, there are definitely several ways how student loans have changed over the years, and the student loan landscape is in many ways better now than… Continue Reading How Student Loans Have Changed Over the Years

Self-Employment and Student Loans

July 12, 2021 Jordan RothmanRepayment Strategies

During my student debt repayment saga, I always had a main job working for other people. As mentioned in numerous prior articles on this website, I also had several part-time jobs that allowed me to generally work at my own pace and not deal with bosses and the other challenges of working for someone else (however, my main job always involved working for other folks). Years after I paid off my student loans, I decided… Continue Reading Self-Employment and Student Loans

Higher Tuition Costs May be Worth It

July 5, 2021 Jordan RothmanChoosing Schools

As discussed in several prior articles on this website, tuition costs at many colleges and universities are astonishingly high. Indeed, tuition costs have been increasing more than the cost of inflation for decades, and as a result, the tuition and fees for a year of college or graduate school may be more than an individual earns in a year. However, higher tuition costs may be worth it in certain circumstances because schools may use tuition… Continue Reading Higher Tuition Costs May be Worth It

Respect for Paying Off Student Loans

June 28, 2021 Jordan RothmanRepayment Strategies

As previously mentioned in several prior articles on this website, individuals who pay off their student loans may enjoy a great sense of pride at their accomplishment. Indeed, paying off my own student loans gave me a great sense of accomplishment, and I am really proud I was able to achieve this goal. However, other people also hold a great sense of respect for paying off student loans, and this can help you in both… Continue Reading Respect for Paying Off Student Loans

Applying to Schools During Competitive Times

June 21, 2021June 26, 2021 Jordan RothmanChoosing Schools

As many applicants to undergraduate and graduate school programs understand from firsthand experience, some admission cycles are more competitive than others. People may wish to ride out hard economic times in academia, and the increase in applications can make it more difficult to be admitted to programs and be awarded financial aid. Because of the COVID-19 pandemic, and the economic consequences the pandemic has created, many people have applied to college and graduate school, and… Continue Reading Applying to Schools During Competitive Times

Biggest Student Loan Myths

June 14, 2021 Jordan RothmanRepayment Strategies

After four years of student loan blogging, I have encountered, and debunked, a number of myths associated with student loans. Indeed, there is a lot of misleading information about student loans on the internet, and some sources might suggest competing strategies for dealing with student debt. In any event, the biggest student loan myths I have encountered fit into a few distinct categories, and it is important that individuals are familiar with misinformation that might… Continue Reading Biggest Student Loan Myths

Attending School for a Challenge

June 7, 2021 Jordan RothmanChoosing Schools

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

Income-Share Agreements Can Help Pay for School

May 24, 2021May 24, 2021 Jordan RothmanChoosing Schools

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

Minimizing the Impact of Transferring Schools

May 17, 2021 Jordan RothmanChoosing Schools

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

Middle-Class Students Fall Through The Cracks Sometimes

May 10, 2021May 10, 2021 Jordan RothmanRepayment Strategies

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