student debt Archives - Page 18 of 24

Blogging to Help Pay Off Student Loans

September 10, 2018 Jordan RothmanEarning Extra Money, Student Loan Repayment Guide

This website has already discussed most of the side-hustles I worked to earn extra money during my student debt repayment saga. As teased out in several prior articles, I earned roughly $120,000 over about three years from five different part-time gigs. I did not begin blogging about student loans until after I completely paid off my student debt, since I wanted to have a complete understanding of the student loan experience before I published articles… Continue Reading Blogging to Help Pay Off Student Loans

Living with Parents While Paying Off Student Loans Is a Great Idea

September 3, 2018 Jordan RothmanSaving Money

Most of us have to devote a huge portion of our incomes to housing costs each month. Whether you rent a home or pay a mortgage, you likely need to shell out thousands of dollars a month just to have a place to live. Of course, there are definitely ways to cut down on housing expenses. Indeed, I had roommates and lived in less-expensive housing during my student debt repayment saga in order to save… Continue Reading Living with Parents While Paying Off Student Loans Is a Great Idea

Instead of Gifts, Ask Friends and Family to Donate to 529 Plans

August 27, 2018 Jordan RothmanAdvice for Parents

contribute to 529 plans instead of providing gifts

Many parents are probably very familiar with 529 savings plans. For those who do not know, 529 plans are tax-advantaged funds that encourage individuals to set money aside to pay the educational expenses of a future student. Many people assume that parents are the only individuals who can contribute money to a 529 plan. However, anyone can contribute to a 529 plan, and more people should contribute to 529 plans instead of providing gifts to… Continue Reading Instead of Gifts, Ask Friends and Family to Donate to 529 Plans

Deciding If You Should Pay for Your Children’s Educational Costs

August 20, 2018 Jordan RothmanAdvice for Parents

It is usually assumed that you should pay for your children’s educational costs if you are financially able to do so. And this of course makes sense, since student debt can restrict millennials from achieving a number of life goals. As previously mentioned on this website, student loans can impede recent graduates from buying a home, saving for retirement, and achieving a number of other financial aspirations. Having parents pay for educational expenses can be… Continue Reading Deciding If You Should Pay for Your Children’s Educational Costs

Handling Agreements to Repay Parents for Fronting Educational Costs

August 13, 2018August 13, 2018 Jordan RothmanAdvice for Parents

Repaying Parents for Fronting Educational Costs

Most articles on this website are directed toward individuals who borrowed student loans to pay for their educational costs. However, some people are fortunate enough to have parents who will pay for college and graduate school for their children. Some parents are wealthy enough so that they are able to pay for the educational costs of their kids without ever requiring their children to pay them back. However, other parents expect their kids to pay… Continue Reading Handling Agreements to Repay Parents for Fronting Educational Costs

The Benefits of Working a Part-Time Job During Medical School

August 9, 2018March 11, 2022 Adam RothmanEarning Extra Money, Guest Articles

Medical school is not easy. I should know, I’ve been through it. As a medical student, you need to endure countless mundane lectures, deal with tedious study groups, and basically learn an entirely new language (medical terms number in the several thousands). All throughout, you are forced to compete against the brightest of the bright for future job opportunities. These burdens are of course separate from any issues you may face while working a part-time… Continue Reading The Benefits of Working a Part-Time Job During Medical School

Cosigner Considerations for Parents of Student Loan Borrowers

August 6, 2018 Jordan RothmanAdvice for Parents

Parents can have a major impact on how their children are affected by student debt. Some parents are wealthy enough to completely pay for their children’s’ schooling, so that their kids do not need to borrow any money to finance their degrees. However, since it currently costs an insane sum of money to attend college or graduate school, many students will need to borrow money in order to pay for their educational costs. Nevertheless, parents… Continue Reading Cosigner Considerations for Parents of Student Loan Borrowers

Parents Can Help Their Kids Refinance Student Loans

July 30, 2018March 10, 2022 Jordan RothmanAdvice for Parents, Refinancing Student Loans

Many parents of student loan borrowers are probably very familiar with the concept of refinancing debt. Indeed, numerous individuals refinanced mortgages after the Great Recession to take advantage of historically low interest rates. In addition, many individuals also have experiences with refinancing credit card debt and other types of loans. Refinancing debt usually allows borrowers to spend less money on interest and enables individuals to pay less each month to service their debt. Student loan… Continue Reading Parents Can Help Their Kids Refinance Student Loans

Advice for Parents of Student Loan Borrowers: An Introduction

July 23, 2018July 23, 2018 Jordan RothmanAdvice for Parents

This website has previously provided advice on a number of subjects related to student loans. Indeed, prior articles have discussed repayment strategies, ways to save money, refinancing tips, and a number of other topics related to student debt. All of these prior articles have been directed to student debt borrowers. However, this website has not yet included advice for parents of student loan borrowers, even though parents are typically interested in issues related to student… Continue Reading Advice for Parents of Student Loan Borrowers: An Introduction

How to Make the Process of Refinancing Student Loans as Painless as Possible

July 16, 2018March 10, 2022 Jordan RothmanRefinancing Student Loans, Student Loan Repayment Guide

Most student loan borrowers understand that they can save a ton money by refinancing their student debt. And this website has detailed at length all of the benefits one can realize from refinancing their student loans. Indeed, as already explained, you can minimize the amount of interest you pay over the life of your debt and lower your monthly student loan payments after going through the student loan refinancing process. However, many student debt borrowers… Continue Reading How to Make the Process of Refinancing Student Loans as Painless as Possible