Today’s post is your own story on why i did son’t spend my student loans down during grad college, though I experienced the chance to. There are lots of facets you should look at whenever the decision is made by you of whether or not to reduce student loan financial obligation during grad college. Within my specific situation, based on both the mathematics for the situation and our disposition, it made more sense to contribute cash with other economic goals during grad college.

Whenever I graduated from undergrad, I experienced $17k of student loan financial obligation, $16k subsidized and $1k unsubsidized. I made a decision to defer my figuratively speaking inside my postbac fellowship and PhD, and I also didn’t spend my student loans down for the reason that duration. Although my stipend afforded me the flexibleness which will make progress on my loans if i desired to, we had 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 did son’t spend down my student education loans in grad college: We kept my $16k of subsidized figuratively speaking throughout my training period, but We paid down the $1k unsubsidized loan through the 6-month elegance duration after my graduation from undergrad.

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