Sunday, July 19, 2020

Refinancing Student Loan Debt: What Is It?

Refinancing a student loan is a financial process that allows for lowering your interest rates on outstanding loans. It is usually done with a private loan servicing company.

Unfortunately, you can’t just shoot your current loan servicer an email saying:



Refinancing requires you to go window shopping!

Sunday, July 12, 2020

July 2020: The Starting Point

Let’s get this out the way:

I type in Times New Roman 16pt font because I get dizzy reading small print. My professors can’t force me to use 12pt font size now. I’m sticking it to the man.  

There.

So now I have reached the part of the blog in which I actually discuss the subject at hand --- my stupid student loan debt.

I have a passion for self-sabotaging.

I want to interject that I have a five-figure debt with a combined six- figure income. I understand this blog is not going to be relevant to many. My circumstance is different, and my journey may not be relatable. I understand that, and I do not want to lead anyone to believing I am paying off $64,000 of debt with a $10,000 income within 2 months.


So...

Starting this process seemed a lot less daunting than it has turned out to be. Charting and graphing the numbers made me feel a bit more in control of the issue, and having the guts to even look at the student loan data base was a huge feat. The final product was a terrifying spreadsheet of numbers that screamed, “Wow! You owe a lot of money!”. It is not discouraging, but it is not something I can take lightly. At all.

The issue with my debt is that I’ve been in school since 2009.

This is a picture of a mess. This is my life.
Photo by Ricardo Viana on Unsplash

That’s 11 years. 


Friday, July 10, 2020

OK. I Can't Believe I'm Doing This.


I've decided to start a blog because I want to document my student loan journey. When I post things online, they stick around for a very long time. Thank you, Facebook. Anyhow, my decision to start this blog was thought out for a long time, but I did not anticipate the fear of kicking it off. I was not nervous about writing or my niche, but I had a fear that my content wasn’t…necessary.