Why Paying Off Student Loan Debt Makes No Sense and Why I Did It
November 16, 2009 by Shawanda Greene
Filed under student loans
There was a time I swore I’d never pay off student loan debt a second sooner than required. Why would I do something dumb like that? There were so many benefits to keeping it around until 2020. By paying off my student loan, I’d avoid 2.625% of interest on the outstanding balance each year. That’s [...]
4 Reasons You Should Never Cosign A Loan
August 19, 2009 by Shawanda Greene
Filed under credit score, debt, debt management, family, insurance, money mistakes, money tips, student loans
Picture it. On a blistering cold evening in the winter of 2005, I received a frantic phone call from a family member whose loan application had just been denied. To protect the indigent, let’s refer to this family member as Larissa. Unable to obtain law school financing [...]
Good Debt?
June 30, 2009 by Shawanda Greene
Filed under debt management, student loans
Almost since I started reading about personal finance, experts in the field have been harping about how student loans are “good debt.” The only other types of debt that fall into this category, according to most financial gurus, are mortgages and business loans. We’re only going to focus on student loans, but I think the others are worth noting.
