Today’s post is your own tale on why i did son’t spend down my student education loans during grad college, though I’d the chance to. There are lots of facets you should think about whenever you create your decision of whether or not to reduce student loan financial obligation during grad college. In my own situation that is particular on both the math for the situation and my own disposition, it made more sense to contribute cash to many other monetary objectives during grad college.
I had $17k of student loan debt, $16k subsidized and $1k unsubsidized when I graduated from undergrad. We decided to defer my figuratively speaking inside my postbac fellowship and PhD, and I also didn’t spend my student loans down in that duration. Although my stipend afforded me the flexibleness which will make progress on 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 student education loans throughout my training duration, but We paid down the $1k unsubsidized loan through the 6-month grace duration following my graduation from undergrad. I did son’t just like the reality it was accruing interest, unlike my subsidized loans, therefore installmentloansgroup.com login I paid it well the moment i possibly could. Read more