Today’s post is a personal tale on why I didn’t spend my student loans down during grad school, though I’d the chance to. There are lots of factors you should look at whenever you create your choice of whether or not to pay down student loan financial obligation during grad college. In my own situation that is particular on both the mathematics for the situation and my own disposition, it made more sense to contribute cash with other economic goals during grad college.
I had $17k of student loan debt, $16k subsidized and $1k unsubsidized when I graduated from undergrad. We made a decision to defer my figuratively speaking inside my postbac fellowship and PhD, and I also didn’t spend down my student education loans for the reason that duration. Although my stipend afforded me the flexibleness to create progress to my loans I had higher financial priorities than making payments on debt that was effectively at 0% interest if I wanted to.
My Debt Was Not Pushing
I’ll make a small edit to my statement that i did son’t spend down my figuratively speaking in grad college: We kept my $16k of subsidized figuratively speaking throughout my training duration, but We paid down the $1k unsubsidized loan throughout the 6-month elegance duration following my graduation from undergrad. I did son’t such as the reality it was accruing interest, unlike my subsidized loans, and so I paid it off once i possibly could.
Since the sleep of my loans had been subsidized, not just did we not need in order to make re payments throughout their deferment, they certainly were perhaps perhaps maybe not accruing interest. Continue reading “Why we D 23, 2017 by Emily 1 Comment august. My Debt Was Not Pressing”