Are student loans bad?  What makes them bad?  Does the amount of student loan debt contribute to whether it’s bad or good? If it’s less than $10k, then it’s okay?  Or if it’s between $20 and $100k it’s debatable?  And anything over $100k is always bad?  Or does it depend on what you do with [...]

[Read more →]

This is a guest post from FabulouslyBrokeIntheCity.  She writes a fun fashion and finance blog, as a single twenty-something in Canada.  I hope you enjoy her story.
How I racked up so much debt ($53,500) in student loans
There were a couple of contributing factors to my large amount of student debt upon graduation.
Parents reneged on promise
The [...]

[Read more →]

At the end of 2007, I set out goals financially for us to achieve here.

Max out 401k – on track
Max out Roth IRA 2008 – done
Max out ESPP – done
Cash Flow $20k tuition – done
Not take out student loan of $8500 – debating
All cash month – done

It’s not yet the end of the year but [...]

[Read more →]

Okay get ready students, July 1st, 2008 is approaching.  And the time is now to consolidate student loans!  Liz Weston just published an article about this. This is your chance to lock in rates of 3.6%.
Here’s the deal, if you had student loans taken out before July 1, 2006, then you are eligible for consolidation.  All [...]

[Read more →]