My parents 'refinanced' my student loans to save me money and time - Business Insider

, I was granted enough unsubsidized loans to cover my education in addition to a small subsidized loan. I started my MBA in 2014 and the majority of my student loans were direct unsubsidized loans serviced by NelNet with a 6.21% fixed interest rate.into a different type of role. Plus, I love learning, so I really would go to school for the rest of my life if I could afford it.

The total of my loan at the time it was paid off and moved to the home equity line of credit was $38,764. Over the course of the rest of my MBA, my parents paid my tuition through the home equity line of credit. And while I was in school, I made payments toward the loan about equal to the interest accrued each month. At the maximum, I owed $70,377 on my loan.

Since finishing school, I've upped the amount I'm paying toward my loan as much as I can each month. Since I freelance full-time and have a variable income, the amount I pay changes each month, but I've still been able to pay off more than $15,000 in 2019 alone. That said, I still owe about $53,000 on my loan, so it's going to take me a while to get it paid off the rest of the way.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

T-Mobile-Sprint merger just cleared its last hurdle - Business Insider - Business InsiderThe formation of New T-Mobile amid a time of flux in the US wireless market will have wide-ranging consequences for the US telecommunications space. I have been with t-mobile for 15 years hopefully they won't start acting like sprint or I am gone
Source: BusinessInsider - 🏆 729. / 51 Read more »

Netflix is investing in kids content - Business Insider - Business InsiderGreater investment in kids content from Netflix could cause even more young viewers to migrate away from ad-supported environments Does that mean NetflixFilm will cut back on all the pro-pot exposure in the rest of their programming? Every other show someone is toking up or worse, pretending its harmless. It's out of control. 👎 I think this is a necessary strategy to beat Disney+. Let's be honest, no one but kids is really using Disney+, and if Netflix wants to keep parents using their platform they need to make content kids wanna watch and can watch ElRodrigo69 are you ready? kiddo 3
Source: BusinessInsider - 🏆 729. / 51 Read more »

The 4-part strategy I'm using to save for a down payment - Business InsiderAutomating your savings isn't easy as a freelancer, but using this four-part strategy makes saving for a down payment simple.
Source: BusinessInsider - 🏆 729. / 51 Read more »