Posts tagged "student loan debt"

Should I Pay Off My Student Loans Early?

Stefani from Philly asks: I’m graduating this June and I’m going to have about $40,000 in student loan debt. I want to know whether or not I should pay off my student loans early as I can even if it means sharing a room with someone else. I’m planning to take at least 50% of my pay check to go into repaying the student loans. This will come out to about $1000 per month, which allows me to pay off my loans in about 3 years. I’m normally a saver anyway and I can live cheaply if I have to. I would have just enough money left over for rent and living expenses. My rent would only be about $500 dollars per month. Plus, I have savings right now that would work as my emergency fund just like Dave Ramsey suggest. Is it better to pay off my student loans quickly? My thought is that it would save me on interest even though it would be hard for a few years, but I will be much better off in the long run. Any suggestions?

Top Paying Blue Collar Jobs

I’ve said it once and I’ll say it again. College isn’t for everyone. There are some people who are not cut out to go on to college. Some have no desire to go to college while others have no idea why they’re going. They go just because everyone tells them they must do it. They then succumb to a mountain of student loan debt that they will be paying off for years to come. By the time they’re done paying off that debt, they’ll be wishing they had a top paying blue collar job.

Colby College To Replace Student Loans With Grants

Colby College To Replace Student Loans With Grants

In the previous post, we discussed why it was that some college’s could reduce college tuition while others saw fit to increase college tuition so they could increase financial aid to students.

Now we see another college stepping up and doing what’s right for the student, not the faculties pocket books.