Today’s post is your own tale on why i did son’t pay down my student education loans during grad college, though I’d the chance to. There are lots of facets you should think about whenever the decision is made by you of whether or not to reduce student loan debt during grad school. In my own particular situation, based on both the mathematics associated with situation and my personal disposition, it made more sense to contribute cash with other economic objectives during grad college.
Whenever I graduated from undergrad, I experienced $17k of student loan financial obligation, $16k subsidized and $1k unsubsidized. I decided to defer my figuratively speaking inside my postbac fellowship and PhD, and I also didn’t spend down my figuratively speaking for the reason that duration. Although my stipend afforded me the flexibleness to produce progress to my loans if i needed to, we had greater monetary priorities than making repayments on financial obligation which was efficiently at 0% interest.
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 throughout the 6-month elegance duration after my graduation from undergrad. Continue reading