Comments on: Student Loans: Treat Them Right

By: Adam

Adam — Mon, 01 Mar 2010 21:41:02 +0000

Certainly – I’ve put your blog in my top 5 blogroll because this site is awesome, especially considering you’re doing all this while still in college.

By: Carnival of Debt Reduction » Welcome to this week’s Carnival

Carnival of Debt Reduction » Welcome to this week’s Carnival — Mon, 01 Mar 2010 11:08:24 +0000

[...] Studenomics has a post on treating your student loans right. [...]

By: MD

MD — Mon, 01 Mar 2010 05:45:29 +0000

Thanks for the self-promotion!

By: Adam

Adam — Sun, 28 Feb 2010 20:34:11 +0000

Great post PT. Thanks.
For UK readers however, you should treat student loans a little differently. I recently wrote about them on my blog:
http://magicalpenny.com/paying-off-uk-student-loans/

By: » New Quicken for Mac Link Roundup | PT Money

» New Quicken for Mac Link Roundup | PT Money — Sun, 21 Feb 2010 22:51:37 +0000

[...] Company at Free From Broke, Top 10 Tax Credits to Take Advantage Of at Bible Money Matters, and Student Loans:Treat Them Right at [...]

By: PT

PT — Thu, 18 Feb 2010 22:43:08 +0000

Good point, Anthony. A very shrewd plan you mention.

By: Anthony

Anthony — Wed, 17 Feb 2010 20:50:24 +0000

I agree with all of your statements, except for maybe this one: “If you don’t need the loan, don’t borrow it, or at least hold on to it to pay the loan back quicker.”

On the surface it’s a good plan for most people. However, if you are disciplined enough (the assumption is that most college students are not) and if you are able to get a subsidized loan, take the excess amount, put it into a long-term CD, and earn a little bit of money. Once you go into repayment, take the CD and interest and pay down the loan. If you take advantage of government subsidies, the interest from the CD will be a small benefit to you.