Should I pay off my current student loan debt before going to grad school?
I am 24 married with a child. Should I continue working and create a plan to aggressively pay off my current student loan and then pursue a higher degree? Or should I go to grad school. accrue more debt. get a higher paying job and then pay off the higher debt? I really do not want to increase my debt, but I want and pretty much need a graduate degree to continue climbing the corporate ladder at a fast pace- do not consider it debt. You will be paying lets say 100$ a month. You will not even notice. Go to school and get that education!
- debt is slavery even for 'grad' degree. get a job in ur field, experience what you want to be. pay off the loans, save money. surprise you may not like the field of endeavor. when and if you go to 'grad' school u will be sure that is where you want to go. visit daveramsey.com to learn about ur money / debt. 30% of 'grads' file bankruptcy in 5yrs - will you ? smart business will put more creed to an experienced undebted candidate than to other
- if you go to grad school while your previous loans are in repayment, you can let your lenders know that you are back in school and you can get a deferment or forbearance. that means that you would not have to pay off those loans until you graduated from grad school. then you could consolidate your undergrad and grad school loans together. certain federal loans though will continue to accrue interest, even if they are not in repayment so that may be something to consider. however, with a graduate degree, you will make more money, and be able to pay them off. go for it!
Knowledge Base
Is it legal to use a federal student loan to put a downpayment on a house?
i am going to be a graduate student. i am hoping to buy a 3 - 4 bedroom house and rent out the other rooms to fellow students. i do not have quite enough money for a downpayment. could i use part of my federal student loan for this? are (student loan debt)
Any proposed student loan debt elimination programs or interest rate reductions?
has anyone heard if obama's new budget includes anything about possible programs to help cut down student loan debt or a move to lower interest rates, particularly for consolidation?. no. your debt and no help on the horizon. i do not know about that. but i do know that my (private student loan)
I have recieved a federal student loan, but I need another loan to cover living expences. ?
hello. the federal loan will cover all the tuition, but i have a lot of living expences. i will need at least another 20, 000 for living expences during my school. is there a way to get another student loan that covers that?. you need 20, 000 dollars for living (private student loan)
Knowledge Base: Student Loan
Is this a good student loan interest rate?
i am borrowing $10, 600 to cover tuition, and all the interest rates i have been approved for are about at 10%. my brothers got their student loans for about 7%, but that was two years ago. have rates gone up that much, or am i just not getting good (student loan debt)
How much student loan debt is too much?
lets say i graduate with a business management degree, with about 45, 000$ in student loan debt. is this too much for my major? at what point is a student in over their head with education debt?. its depend on school that you are attending, and how long you take (student loan consolidation)
My wages are being garnished for a federal student loan. Will they take my tax return also?
i have not received a tax return for the last 5 - 6 yrs because the federal student loan i owe on has been getting it. now my wages are being garnished as of this year. will they continue to take my tax return even though i am presently being (federal student loan)
are there any lenders that do federal student loan consolidation? not private loans?
it seems like there are not any lenders that do federal student loan consolidation programs. are there any out there? not private loans. so far it seems like the dept of ed has ended other programs. please help thanks ruth. can you ask your relative if it was a federal (private student loan)
Any proposed student loan debt elimination programs or interest rate reductions?
has anyone heard if obama's new budget includes anything about possible programs to help cut down student loan debt or a move to lower interest rates, particularly for consolidation?. no. your debt and no help on the horizon. i do not know about that. but i do know that my (student loan rate)
Knowledge Base: Student Loan Debt
What is the most that you have in student loan debt?
are you able to make your payments? i am just curious what everyone else is doing. so far, i have about $20, 000. 00 in student loan debt for 4 years of school i have a bachelors in psychology now. i am going on to graduate school and student loans (student loan debt)
What is the fastest way to get rid of student loan debt?
i am paying off a lot of credit card debt and currently have my student loans in a deferral status. but the big monthly payments will start up again at the end of this year. aside from trying to "drop off the radar screen" or looking for a much better (student loan debt)
What happens when you marry someone with extensive student loan debt?
does that become your responsibility as well? i am uming so, but i have heard conflicting stories on student loan debt, so if anyone could clear up my confusion. you will divorce in a few months. as far as i understand, the debt becomes your responsibility as well. but a (student loan debt)
How does student loan debt affect my credit score?
i am at the final stage of paying off credit card balances. just one more month, yippee! i have also already paid off my car loan 7 months before the maturation date. anyway, i still have close to $50, 000 in student loan debts - federal and private. but that's (student loan debt)
How much student loan debt is too much?
lets say i graduate with a business management degree, with about 45, 000$ in student loan debt. is this too much for my major? at what point is a student in over their head with education debt?. its depend on school that you are attending, and how long you take (student loan debt)
