student loans Archives - Page 5 of 24

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

Attending Community College to Save Money

February 8, 2021 Jordan RothmanChoosing Schools

Community colleges are educational institutions that typically offer two-year degrees to students (although some may offer four-year B.A. and B.S. degrees). Community colleges usually do not have on-campus housing and may not offer the same services to students as more traditional four-year colleges. Community colleges also typically have more trade and vocational courses that are difficult to find at more traditional four-year universities. For a variety of reasons, attending community college to save money is… Continue Reading Attending Community College to Save Money

Money Saved from the Student Loan Freeze

February 1, 2021 Jordan RothmanRepayment Strategies

As many people already know, the federal government has frozen federal student loan payments to deal with the ongoing COVID-19 pandemic. In addition, qualifying loans will not accrue interest until later this year. Although only certain types of borrowers are entitled to stop making payments, money saved from the student loan freeze can be devoted to a variety of purposes. Pay Down Other Debt Perhaps the most practical thing you can do with money saved… Continue Reading Money Saved from the Student Loan Freeze

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

Attending Part-Time Programs Full-Time

January 11, 2021 Jordan RothmanChoosing Schools

This website has discussed how part-time academic programs can help students reduce their student loan burden. Indeed, if students attend school only on nights and weekends, it is possible that students can work jobs with the rest of their time. This can enable students to pay for part or all of their educational costs as a student. However, in certain circumstances, attending part-time programs full-time can also have an impact on your student debt burden.… Continue Reading Attending Part-Time Programs Full-Time

Establishing Residency for In-State Tuition Discounts

January 4, 2021 Jordan RothmanChoosing Schools

Some colleges offer different tuition rates for students depending on if they reside within the state or from a location outside of the state in which a college is located. The reasoning behind this policy is that state funds are used to support some universities and so state residents, who presumably pay to support the school indirectly through taxes, should receive a discount on tuition. However, even if you are originally from out of state,… Continue Reading Establishing Residency for In-State Tuition Discounts

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