Student Loan Payment Guide: How To Budget For Resuming Student Loan Payments
If you’re one of the 45 million student loan borrowers, you’re likely feeling anxiety about making room in your budget for these payments, which on average clock in at $503 per month. Here are 7 suggestions on how to ease into student loan payments again.
Forcing Your Kids To Go To College Is Stupid
In a perfect world, you’d grow up with financially stable parents. Your parents saved your entire life for you to go to the college of your dreams. You graduate with a degree, and go into the career of your choice. You then make $59k salary that the statistics promised you. You’d have no student loan debt, you’d get a job in your chosen field a week after graduation, and you’d be livin’ the life.
Reality check.
That lifestyle is right up there with unicorns and cotton-candy clouds for the majority of Americans. Most Millennials and Gen-Zers were raised with this rose-colored idea preached to them by society, but without the actual reality of a loaded 529 saving account and a field-of-study that guarantees a lucrative career.