Today’s post is an individual tale on why i did son’t spend down my figuratively speaking during grad school, though I experienced the chance to. There are numerous factors you should think about whenever you make your choice of whether or not to reduce student loan financial obligation during grad college. In my own situation that is particular on both the mathematics regarding the situation and our disposition, it made more sense to contribute cash with other economic objectives during grad college.
I had $17k of student loan debt, $16k subsidized and $1k unsubsidized when I graduated from undergrad. I made a decision to defer my student education loans within 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 create progress to my loans if i desired to, I experienced 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 didn’t spend down my figuratively speaking in grad college: We kept my $16k of subsidized figuratively speaking throughout my training duration, but We repaid the $1k unsubsidized loan throughout the 6-month elegance duration after my graduation from undergrad. I did son’t such as the reality as I could that it was accruing interest, unlike my subsidized loans, so I paid it off as soon. Read More