Today’s post is your own tale on why i did son’t spend my student loans down during grad college, though I experienced the chance to. There are numerous facets you should think about whenever the decision is made by you of whether or not to reduce student loan debt during grad college. During my situation that is particular on both the mathematics associated with the situation and my own disposition, it made more sense to contribute cash to many 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 thought we would defer my figuratively speaking within 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 to create progress on my loans if i needed to, I experienced greater monetary priorities than making repayments on financial obligation which was effortlessly at 0% interest.
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 period, but We paid down the $1k unsubsidized loan through the 6-month elegance duration after my graduation from undergrad. I did son’t such as the reality it was accruing interest, unlike my subsidized loans, therefore I paid it well the moment i possibly could. […]