Frequently asked financial questions are questions that I’ve seen pop up over and over again. I thought I’d take the time to answer them in… Read More »FAFQs Series: Will My Student Loans Really Be Forgiven?
Student Loan Debt
Student loan debt is unlike any other kind of debt, especially if you have federal loans and are taking advantage of federal repayment programs. It’s entirely possible that you have been making payments for months or years, but you could now owe even more than when you started. The joys of income-driven repayment plans, where your monthly payment doesn’t even cover the interest.
You may be thinking no big deal, the amount will be forgiven in 20-25 years, think again. That forgiven amount (unless you are PSLF) is considered taxable income. So you can work hard to pay off that debt or work hard to prepare for that tax bomb that will drop at the end of your repayment period. Either way is fine, just make sure you have a plan one way or the other.
A while back, when driving for Lyft I was taking a friendly group to a party. They asked why I decided to start driving with Lyft.… Read More »How Smart People End Up Crushed by Debt
Wouldn’t we all love a pardon on our student loans? Depending on your loans and/or what you do for a living, you just might qualify… Read More »What is Student Loan Forgiveness and How to Qualify?
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You know I have a mountain of debt. Most of it is federal student loans. But I do have one private loan, my bar loan.… Read More »Refinancing Student Loans – SoFi Review
If there is one thing you know about your student loans it is probably that you can’t just get rid of them in bankruptcy. It… Read More »Why You Generally Can’t Discharge Student Loans
I’m a dreamer, always have been. I truly believe that if you set your mind to it, you can achieve almost anything. Some exceptions being if… Read More »Paying Off Debt While Pursuing Big Crazy Dreams
Graduation is an exciting time, it marks a huge accomplishment, it also marks a huge transition from full-time student to full-time adult. Here are 8… Read More »8 Valuable Things You Need to Know After You Graduate
Congratulations! You’ve graduated. But you haven’t yet been hit with the reality of repaying all those student loans. You are likely very much enjoying your… Read More »How to Actually Take Advantage of Your Grace Period