How Marriage Affects Your Student Loans
Marriage is an incredibly exciting time in your life – you are embarking on a new journey with your spouse at your side. What used to be “mine” is now “ours” and for better or for worse – this includes student loans.
Finances, but more specifically student loans, can be very difficult to talk about with your soon-to-be, or recently married, spouse. However, it is incredibly important to understand the impact that marriage has on student loans so neither of you are taken by surprise if your student loan payment drastically increases.
Here are 3 common situations and some high-level points you should know.
Why a Mini-Retirement is the Perfect Way to Celebrate Your Student Loans Being Forgiven
Mini-retirements (or sabbaticals) are becoming much more popular as people continue to challenge the idea of retirement. Essentially, a mini-retirement is an extended period of time away from work where you earn no income and spend your time in a way that is most meaningful to you - travel, spend more time with kids, volunteer, pursue other hobbies, etc. In a way, it enables you to test out how you will actually feel when you stop going to work one day. If you were saving money to one day move to Greece, wouldn’t you want to visit there first to make sure you like it?
3 Tips that Can Make Student Loan Refinancing Unnecessary
You’re about to finish grad school. You probably have a sweet job lined up, and you’re ready to get into the working world. But, you’ve piled up a bunch of debt through your years of education. Student debt payback can be an overwhelming process, but certain grads might be able to take advantage of this trick to save on interest and save on monthly payments for a year while you settle into your new routine.
How to Deal with YOUR Student Debt (Part 2)
In Part II of our series on student loans, we’re looking beyond the topic of general student loan forgiveness… and exploring what to do to better manage the burden of the student debt you have to carry. With Part II of our series on student debt, we want to help you focus on what you can control and do with your money right now.
Is Public Service Loan Forgiveness a Great Big LIE?
I was at a family wedding this summer and overheard a conversation between two relatives who happen to be in the nursing field. One was starting her career after graduating from college, and expressed the interest to take a job in public service because she wanted to become eligible for loan forgiveness. The other warned her against it. “It doesn’t work. Everyone I know who has applied for forgiveness has been rejected”, said the other.
For more on student loans, check out Good Financial Reads: Your Student Loan Questions Answered (Part Two).
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