Does time ever get away from you? Do you lay down at night and ever wonder where all those hours went? Is this starting to sound like one of those informercials that play late at night?
Well, it seems like the last few days have gotten away from me. I had a fantastic weekend that was busy and relaxing at the same time. There was a beach day on Saturday at Far Rockaway which was a smashing success but left me drained for the rest of the day. And then a day spent indoors cleaning and cooking–we made beef bourguignon a la Julia Child.
Blog post to follow.
But let’s get back on track first.
So here’s a belated “Monday Monday” if you will.
So recently there have been two developments in the student loan game that sort of negate one another. First off, President Obama just signed off on a bill that would keep student loan interests fixed at 3.4% for the next year. Which is good. I mean it helps out thousands of students this upcoming school year who are going to take out loans. But that fixed interest rate is only guaranteed for a year. Who knows what it’ll just up to 365 days from now. It’s a start though.
Secondly, starting this past Sunday, graduate student loans going forward will no longer have a grace period. Traditionally, you take out your loans, finish school, have six months to scrabble together some income and then your loans start accruing interest. Now loans will start accruing interest while you’re still in school. So by the time you graduate your loans have already been billed interest for the last two or four years or more if you’re in a PHD program…
Every now and then I think about going back to school to pursue a graduate degree. In what exactly? I’m not sure. But the idea of tacking on more debt terrifies me. So as much as I would like to increase my skill set, actively learn, and have summers again I’m hesitant to take on more schooling with no guarantee that I’ll be able to make ends meet afterwards.
I just found this resource on Kiplinger–a personal finance site–that breaks down the best value colleges for those considering a return to school. They have a ton of other related tools as well including information about stocks, taxes, and general basics.
Interested in learning more about your loans? If they’re held by Nelnet you can attend a webinar for more information on their Money Mondays!
Now here’s what I really want to ask you…
Do you want more informational posts like these or more personal ones about what I’m dealing with? A little of both?
I want to hear from you!
So comment, email email@example.com or tweet @doogencreates