Today’s post is your own tale on why i did son’t spend my student loans down during grad college, though I’d the chance to. There are many factors you should look at whenever you create your choice of whether or not to reduce student loan financial obligation during grad college. During my installment loans no credit check 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 economic objectives during grad college.
I had $17k of student loan debt, $16k subsidized and $1k unsubsidized when I graduated from undergrad. We thought we would defer my student education loans inside my postbac fellowship and PhD, and I also didn’t pay my student loans down for the reason that duration. Although my stipend afforded me the flexibleness in order to 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. I did son’t just like the reality as I could that it was accruing interest, unlike my subsidized loans, so I paid it off as soon.
Since the remainder of my loans had been subsidized, not merely did we not need to make re re payments throughout their deferment, these were maybe maybe maybe not interest that is accruing.