Today’s post is your own tale on why i did son’t spend down my figuratively speaking during grad school, 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 financial obligation during grad college. Within my specific situation, based on both the mathematics associated with the situation and my own disposition, it made more sense to contribute cash to many other monetary objectives during grad school.
I had $17k of student loan debt, $16k subsidized and $1k unsubsidized when I graduated from undergrad. We made a decision 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 to help make progress back at 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 down my figuratively speaking in grad college: We kept my $16k of subsidized figuratively speaking throughout my training duration, but We paid down the $1k unsubsidized loan through the 6-month elegance duration after my graduation from undergrad. […]