Forgiving Student Loan Defaults Might Strengthen the Economy
Student loan defaults could crescendo into the next economic meltdown — but would forgive them really solve the problem?
Why You Shouldn’t Go to College
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
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
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
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
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 had considered finding a company that would refinance student loans. I
Adios to Yet Another Student Loan
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
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!
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
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
