stress Archives - Page 2 of 7 - Student Debt Diaries

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

Reserving On-Campus Jobs for Needy Students

January 18, 2021January 18, 2021 Jordan RothmanEarning Extra Money

Most colleges have on-campus jobs available for students wishing to make extra money while they are in school. Depending on the university, such jobs may include working in the cafeteria, the mailroom, student events, or a number of other positions. Although some jobs are explicitly designated for students who qualify for the federal work-study program, other jobs are available to all students who may apply. However, reserving on-campus jobs for needy students is an important… Continue Reading Reserving On-Campus Jobs for Needy Students

Earning Extra Money Makes Saving Easier

December 28, 2020 Jordan RothmanEarning Extra Money

Earning extra money is an important part of paying off your student loans early. If you have a main job that pays for all of your living costs and expenses, then any money you make on the side can be completely devoted to student debt. Indeed, earning extra money is one of the reasons why I was able to pay my student loans years ahead of schedule. However, earning extra money makes saving easier, and… Continue Reading Earning Extra Money Makes Saving Easier

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

Ordering Take-Out While Repaying Student Loans

November 30, 2020 Jordan RothmanSaving Money

As this website has detailed in several prior articles, saving money is critical to repaying student loans early. Indeed, a dollar saved is oftentimes more important than a dollar earned, because you do not need to pay taxes on money you save like you often must on money you make. Individuals hoping to pay off student loans often need to make their own meals to save money, but ordering take-out while repaying student loans is… Continue Reading Ordering Take-Out While Repaying Student Loans

Picking a Repayment Plan

November 23, 2020November 23, 2020 Jordan RothmanRepayment Strategies

Many student debt borrowers have a variety of repayment plans they can choose from when repaying their student debt. Indeed, most student loan borrowers are put on a default repayment plan that usually requires them to pay off their student loans on a ten-year schedule. However, borrowers can sometimes choose to repay their student loans over twenty or even twenty-five years in certain situations. In addition, some repayment plans alter the amount of money owed… Continue Reading Picking a Repayment Plan

Juno Can Help with Student Loans

November 9, 2020November 14, 2020 Jordan RothmanRefinancing Student Loans

Student Debt Diaries has promoted a variety of organizations within the student loan community since the website was launched over three years ago. I recently had a discussion with folks at Juno, a company that is part of the student loan refinancing space. For a variety of reasons, Juno can help with student loans, and student debt borrowers should check out this company in order to seek assistance with their student debt. The main way… Continue Reading Juno Can Help with Student Loans

Paying Sticker Price to Attend Law School

October 19, 2020October 19, 2020 Jordan RothmanChoosing Schools

Most people understand how law school is extremely expensive, and how it requires a substantial investment of time and money to become a licensed attorney. Fortunately, scholarships and other types of financial aid are available to law students in ways not available to students who enroll in other graduate programs. As a result, paying sticker price to attend law school (a nickname for attending law school without any scholarships or other financial assistance) is only… Continue Reading Paying Sticker Price to Attend Law School

Consequences of Defaulting on Student Loans

October 12, 2020October 12, 2020 Jordan RothmanRepayment Strategies

Borrowers have a number of options at their disposal if they have issues repaying student loans. Indeed, many student debt borrowers are able to ask for a forbearance or deferment of their student loans if they satisfy certain requirements, and this can relieve pressure during trying times. Nevertheless, sometimes people cannot avoid defaulting on student loans, and some borrowers may actively shirk their responsibilities to repay student debt. In any case, borrowers may face many… Continue Reading Consequences of Defaulting on Student Loans

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