How to Balance Holiday Costs With Student Loans Payments
SDR Weekly Roundup
Every week, Student Debt Relief posts a roundup of the latest happenings in all things related to student loan debt. This week offers four articles, each covering a different aspect of student loans.
Our first article addresses the upcoming holiday season and gives student borrowers some valuable tips on how to balance their holiday shopping with their student loans payments. Our second article explains some new student loan regulations designed to both protect defrauded borrowers and offer early warning signs if schools begin to have financial difficulties in the future. Our third article discusses the common question of whether borrowers should pay off student loans or save for retirement (and offers some valuable suggestions). And finally, our fourth article examines a fascinating new service designed to bridge the gap between student loans and borrowers struggling to obtain them through cosigners. We hope you enjoy!
With the holidays approaching, many student loan borrowers are undoubtedly feeling the pressure of finding extra money for gifts while still making their student loan payments. Thankfully, this Credit article offers some great ways to do just that, and none of them require life-changing decisions! Simple changes like keeping a positive attitude, making your loan payments early, and building a holiday budget in advance can make this time of year much less stressful.
This USN article details some interesting developments regarding new regulations designed to protect student borrowers going forward. These regulations are intended to do two things: ensure that defrauded borrowers can find relief and create an “early warning system” to let families and the government know if a school may have financial problems in the future. This is a must-read article for all potential student loan borrowers.
This is a great article that discusses a very common (and complicated) question among student borrowers. The article details the pros and cons of both options so you can decide which one is better for your particular circumstances. It does this with an entirely facts-based approach focusing on tax deductions, inflation, and rates of return with the expressed goal of helping borrowers make the best financial decision possible. If you’re a student borrower currently struggling with this question, this article is worth your time.
This recent Forbes article outlines an exciting new development in the constantly-growing student loan crisis. After witnessing many borrowers get turned down for student loans because their parents couldn’t afford to be cosigners, one woman created a solution. It’s called PYT Funds (“Pay Your Tuition”) and uses a combination of crowdfunding, philanthropy, and data science to combat the growing college loan funding gap. Anyone having trouble obtaining student loans will want to read this.
Be sure to check back every Friday at Student Debt Relief for our Weekly Roundup of the latest news and updates regarding the student loan industry!