Forgiving Student Loan Defaults Might Strengthen the Economy

By |February 14th, 2018|Categories: Personal Finance Tips|Tags: , , |

Student loan defaults could crescendo into the next economic meltdown — but would forgive them really solve the problem?

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Why You Shouldn’t Go to College

By |January 23rd, 2014|Categories: Blog, Personal Finance Tips|Tags: , , |

President Barack Obama has been in the news recently as he invited more than 100 college presidents to DC in an attempt to expand college access, especially to low income students. "More than ever a college degree is the surest path to a stable middle class life," Obama stated. I have a few problems with this. First, when did the

Put Every Extra Dollar into Paying Down Debt

By |June 21st, 2012|Categories: Blog, Personal Finance Tips|Tags: , , |

I paid off $33,850 of student loan debt in just over four years. Here's Part 3 of how I did it. My first step in paying off student loans was to aggressively pay off my high interest debt. The next step was to make minimum payments while I (unsuccessfully) invested in the hopes of higher returns. The third and final

Make Minimum Payments and Invest for Higher Returns

By |June 20th, 2012|Categories: Blog, Personal Finance Tips|Tags: , , |

I paid off $33,850 of student loan debt in just over four years. Here's Part 2 of how I did it. My first step in paying off my student loans was to spend $500 a month paying off one high interest student loan that I transferred to a 0% APR credit card. This was in addition to paying $300 a

Use a Balance Transfer for High Interest Student Loans

By |June 19th, 2012|Categories: Blog, Personal Finance Tips|Tags: , , |

I paid off $33,850 of student loan debt in just over four years. Here's Part 1 of how I did it. I graduated from college in 2008 with $33,850 in debt. Most of that debt was in the form of Stafford or Perkins loans that were no higher than 5% interest. However, I had one Tuition Answer loan from Sallie

I Paid Off $33,850 in Student Loans in 4 Years

By |June 18th, 2012|Categories: Blog, Life|Tags: , , , |

I graduated from college in May 2008 with degrees in Math and Electrical Engineering and $33,850 in student loans. I paid off the last dollar of those loans on June 15th, 2012. My road to paying off student loans was a long one with many twists and turns. I will begin a three-part series tomorrow that expands on my three

Adios to Yet Another Student Loan

By |February 24th, 2012|Categories: Blog, Life|Tags: , |

It's been exactly one month since I paid off a student loan for $3,363.15. If you've ever wondered what it feels like to pay off a $3,300 loan, I can tell you. It sucks. It's great that the loan is paid off, but gee golly gosh it hurts to pay that much money for a loan. I can't stand paying

How to Pay Off a Student Loan

By |January 24th, 2012|Categories: Blog, Personal Finance Tips|Tags: , |

BREAKING NEWS!!!! I figured out the secret to paying off student loans! Are you ready? I can break it down into three easy steps: Save up enough money to pay off the loan Write a check for the pay-off amount of the loan Send that check to your student loan company Okay, so it's not really breaking news. It really

We Don’t Need a Student Loan Program!

By |October 24th, 2011|Categories: Blog, Economics / Politics|Tags: , |

I am very concerned about a student loan bubble that is growing more and more each semester. People are taking out huge loans to get college degrees that, in many cases, don't qualify them for high paying jobs that would enable them to pay back their loans. Some young people are making pretty terrible student loan decisions, and now some

A Crappy Economy is Great for Paying Down Debt

By |September 27th, 2011|Categories: Blog, Personal Finance Tips|Tags: , , , |

If there's one thing a terrible economy is good for, it's paying down debt. Despite having a net worth of over $20,000, I still have tens of thousands of dollars in student loan debt. Most people don't understand why I would choose to keep student loans when I have the ability to pay them off, but it's really simple. When