resources Archives - Page 3 of 8 - Student Debt Diaries

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

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

Becoming a Lawyer Without Law School

March 29, 2021March 29, 2021 Jordan RothmanChoosing Schools

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

Teach For America Can Help With Student Loans

March 22, 2021 Jordan RothmanRepayment Strategies

When I was in college, I worked as a summer intern at the New York City headquarters of Teach For America. As many people already know, Teach For America is a nonprofit organization that is dedicated to closing the education gap in America. In essence, Teach For America coordinates teaching jobs for individuals who wish to serve as a teacher in an underserved community for a few years. Working at Teach For America can be… Continue Reading Teach For America Can Help With Student Loans

Getting Off a Waitlist

March 15, 2021 Jordan RothmanChoosing Schools

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

Keeping Track of Your Credit Score

March 1, 2021March 1, 2021 Jordan RothmanRepayment Strategies

As most people know, a credit score is a measure of how credit-worthy credit bureaus deem you to be based on your income, debt, financial accounts, and other metrics. Individuals with student loans are often very curious to see how their credit score is performing because student loans can have an impact on your credit. I am old enough to remember when it was relatively difficult to ascertain your credit score, and it typically cost… Continue Reading Keeping Track of Your Credit Score

Building Credit During Student Debt Repayment

February 22, 2021 Jordan RothmanRepayment Strategies

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

Division Three Athletes Get Financial Benefits

February 15, 2021 Jordan RothmanChoosing Schools

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