Biggest Goals After Repaying Student Debt

Biggest Goals After Repaying Student Debt

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

Graduate College on Time

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

When You Should Attend a For-Profit College

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

Live Like a Student Into The Future

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

Make a Plan For Student Loans

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

Making Money on Student Loans

Making Money on Student Loans

As many people can attest to from firsthand information, numerous companies and individuals make money on student loans. Lenders charge high interest rates on student debt borrowers, and this can be good business for such lenders in the right circumstances. Moreover, colleges and universities also make big money on student loans since they are largely funded by debt borrowed from students. However, other individuals are making money on student loans in different ways, and it… Continue Reading Making Money on Student Loans

Defaulting on Student Loans Can Be Advantageous

Defaulting on Student Loans Can Be Advantageous

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

Car Loans Are Different From Student Loans

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

Thoughts on Another Student Loan Pause

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

Student Loans Should Not Impact Relationships

Student Loans Should Not Impact Relationships

Student loans can have a substantial impact on many major life decisions. Indeed, student loans can impact when and if individuals choose to buy a home, a car, or make other financial choices. However, student loans should not impact relationships, and individuals should not let their own student loans, or the debt of a partner, impact their connection with someone else. During my student debt repayment saga, I was afraid that my student debt would… Continue Reading Student Loans Should Not Impact Relationships