Today’s post is your own tale on why i did son’t spend down my student education loans during grad college, though I experienced the opportunity to. There are many facets you should think about whenever the decision is made by you of whether or not to reduce student loan financial obligation during grad school. Within my specific situation, based on both the mathematics associated with situation and my own disposition, it made more sense to contribute money with other economic objectives during grad college.
Once I graduated from undergrad, I experienced $17k of student loan financial obligation, $16k subsidized and $1k unsubsidized. We made a decision to defer my figuratively speaking within 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 help make 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 declaration that i did son’t spend my student loans down 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 after my graduation from undergrad. (więcej…)