student loan debt Archives - The Outlier Model

6 Month Student Loan Update

CF / April 17th, 2013 / 23 Comments

It’s been about 6 months since I’ve started paying back my student loans (… for the second time…) and I wanted to do a bit of a recap. When I posted my student loan repayment plan a few months ago, I ambitiously posted a scenario that would see me pay off my student loan in about 2.5 years. With a $27,000 loan, that’s over $9000 a year. Yikes! Photo Credit: Dave...

Using a windfall to pay off debt

pay off debt, financial windfall, extra money

CF / February 4th, 2013 / 42 Comments

When I went to do my weekly banking this week, I got a great surprise – an extra $260 from my previous job had been deposited into my account unexpectedly. I’m not entirely sure why I got paid, but I suspect it’s retroactive pay due to a salary increase that had been in negotiation while I was an employee at the university. Woohoo! Photo Credit: Images_of_money via Flickr Any...

Posted in: Credit and Debt Tagged with: debt reduction, debt snowball, pay down debt, paying off debt, saving money, student loan debt, student loan interest charges, tax refund, unexpected windfall

Tackling my student loans

student loans, paying off student loans, student loan program

CF / June 12th, 2012 / 8 Comments

Student loans are like the opposite sides of the same coin. The growing student loan debt held by young people has been a major topic in recent news. On one hand, it’s a great equalizer because it helps to provide access to post secondary education for individuals who may not be able to afford it otherwise. Having student loans also gives you access to bursaries and scholarships not available...

Posted in: Money Tagged with: avoid interest, jobs after college, loan terms, saving, staying out of debt, student loan debt