The exact amount of private student loans isn’t known, but recent estimates peg it at about $100 Billion. The increase in the amount of private student loans isn’t surprising, as there are a couple of major drivers in the trend. First, the cost of college keeps increasing. This includes the cost of living, which […]
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One of the driving forces behind my focus on student loans is the feeling of helplessness that comes with student loan debt. One specific ways borrowers can feel helpless is with their job situation. Borrowers may even hate their job, but they feel stuck because of their student loan debt. They have a lot […]
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Making extra money has changed my life. So much so that I wrote an entire book about it. In my book Hustle Away Debt I talk about how you can pay off your debt faster through side hustles. Side hustles are essentially ways to make extra money outside of your 9-5 job. While the […]
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I’m obsessed with to-do lists and love being able to check things off my list, moving me closer to achieving my goals. I thrive when I have actionable items that I can work on. This directly translates to money and finance. Making money, saving money, and managing money are things that everyone has to […]
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Student loans can be complex. Annoying. Even painful. All the emotions. There is no magical way to get rid of them quickly, especially if you have a lot of them. The one thing you can do, though, is feel in control. To do that you need to get organized. Which brings me to the […]
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There’s an overwhelming number of options for credit cards, so picking one card can be tough. When I think of a good credit card for everyday purchases, it naturally leads me to cash back credit cards. They offer consistent rewards and typically have no annual fee. While some people try to get travel rewards […]
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More than 40 million Americans have become unemployed since COVID spread across the nation in March 2020. There is no sign of how long this high level of unemployment will last. If you or someone you know has lost their income or had their hours reduced due to COVID, there is thankfully unprecedented relief […]
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There’s no denying that student loan refinancing has become incredibly popular the past few years. With companies like SoFi receiving hundreds of millions – or in the case of SoFi, $2 billion – in funding, investors and existing companies are seeing student loan refinancing as a big opportunity. And why not? Student loan refinancing presents […]
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Public Service Loan Forgiveness, or PSLF, is a hot topic right now. Only payments made after October 1st, 2017, are eligible. Since 120 payments are required for PSLF, the earliest anyone could have possibly been eligible was late 2018. Now that we are past that date we are seeing a small number of borrowers […]
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Using a combination of investments, savings, and equity in our home, my wife and I could pay off all of our student loans. But we won’t. This may sound odd. After all, who wouldn’t want to be done with student loan debt forever? It’s a fair question, but pulling tens of thousands of dollars […]
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