Thread: Student Loans
08-05-2020, 05:21 AM
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#31
The way it works is you get a 6 months grace period post-graduation before you're required to make payments (although I believe the interest begins to accumulate as soon as you graduate, could be different now though due to COVID).
6 months timeshouldbe enough time to get a job going in your field, otherwise as others have said you can take on 1-2 jobs that are low pay and irrelevant to stay afloat, as others have said itt.
The way I did it was pretty much do way more than just pay the minimums, and instead I tried paying like $2-3k per month on it. There were set backs, including my own temptation to spend money on things I wanted and increasing my costs of living, but I became debt free (new-to-me car inclusive) by approximately 2.5 years post-graduation. Now it's just about saving/investing, and putting money in retirement.
6 months timeshouldbe enough time to get a job going in your field, otherwise as others have said you can take on 1-2 jobs that are low pay and irrelevant to stay afloat, as others have said itt.
The way I did it was pretty much do way more than just pay the minimums, and instead I tried paying like $2-3k per month on it. There were set backs, including my own temptation to spend money on things I wanted and increasing my costs of living, but I became debt free (new-to-me car inclusive) by approximately 2.5 years post-graduation. Now it's just about saving/investing, and putting money in retirement.
08-05-2020, 08:49 PM
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#32
- ryan0931
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- ryan0931
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Originally Posted By Visel⏩
nice brah! I literally have to so the same to resist the temptation to spendThe way it works is you get a 6 months grace period post-graduation before you're required to make payments (although I believe the interest begins to accumulate as soon as you graduate, could be different now though due to COVID).
6 months timeshouldbe enough time to get a job going in your field, otherwise as others have said you can take on 1-2 jobs that are low pay and irrelevant to stay afloat, as others have said itt.
The way I did it was pretty much do way more than just pay the minimums, and instead I tried paying like $2-3k per month on it. There were set backs, including my own temptation to spend money on things I wanted and increasing my costs of living, but I became debt free (new-to-me car inclusive) by approximately 2.5 years post-graduation. Now it's just about saving/investing, and putting money in retirement.
6 months timeshouldbe enough time to get a job going in your field, otherwise as others have said you can take on 1-2 jobs that are low pay and irrelevant to stay afloat, as others have said itt.
The way I did it was pretty much do way more than just pay the minimums, and instead I tried paying like $2-3k per month on it. There were set backs, including my own temptation to spend money on things I wanted and increasing my costs of living, but I became debt free (new-to-me car inclusive) by approximately 2.5 years post-graduation. Now it's just about saving/investing, and putting money in retirement.
I’m getting a tat next week haha
I haven’t even dropped out yet so the 6 months hasn’t even started for me. Already got my full time as well, starting to feel more optimistic already
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