student loans

Can you imagine life without debt?

Being able to envision what it would be like to be free from debt can help motivate you to take the steps necessary to make it a reality. For many, debt is a way of life. Or rather, it has … Read MoreRead More

The American Rescue Plan diffuses a student loan tax bomb

The American Rescue Plan signed by Joe Biden makes student loan forgiveness tax-free, which has huge implications for millions of people. Boy, it’s nice to have adults running this country again, isn’t it? Paul Krugman of the New York Times … Read MoreRead More

How to take advantage of a student loan payment freeze

During the student loan payment and interest freeze, if you are able to make payments now, you’ll have a much greater impact on your loans. A lot of the benefits that were passed to ease the crisis for people dealing … Read MoreRead More

Chair shadows

Why not refinance your student loans with SoFi?

Congratulations! Student loan debt in the U.S. has reached $1.5 trillion as of 2018. That’s a staggering sum, equivalent to $4,600 for every member of the population, including babies. If you exclude babies (and we will, but we shouldn’t let … Read MoreRead More

Altar

Do you really want to pay your student loans off, or just pay less?

Everyone wants to pay off their student loans. I had loans for the 10 years after I graduated college, and I hated them every step of the way. But people seem to handle their student loans in a confused and … Read MoreRead More

Grim reaper

If you think you can get out of paying back your student loans, think again

Student loans are a big problem today. With the 68% of bachelor’s degree recipients graduating with student loan debt, and the average being $30,100 per borrower (in 2015), this feels like it’s no longer just “one of those things” a … Read MoreRead More

Why not debt consolidation?

Paying off debt is hard. Chances are that you have debts in a number of different places (car, student loan, credit card, and even perhaps medical or personal debts as well), all of which have different payment dates, rates, and … Read MoreRead More

Lightning in the desert

Would I have done college differently if I had wanted to avoid debt?

I’m annoyed when I think about debt. It’s a thing that I want to get away from, like a snoring person in the room, or a screaming baby on the plane. I want it gone. When I was in high school, … Read MoreRead More

Spiral windows

Is it a good idea to get your student loans forgiven?

Like approximately everyone, I graduated college with student loans. If there was a way to get my loans “forgiven”, no one told me. At the time, all I knew was that I had to either pay what I owed, pay interest … Read MoreRead More

Financial cage match: Paying off student loans versus investing for retirement

  Recently, I made the bold claim that those who have debt aren’t ready to start saving for retirement. I added some relaxing caveats, but I really wanted to put them in an order. Debt first, investing later. I don’t … Read MoreRead More