Comments on: Student Loan Reduction Strategies http://dividendmoney.com/student-loan-reduction-strategies/ Personal Finance With A Cash Flow Focus Sun, 13 May 2012 02:19:07 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: David S http://dividendmoney.com/student-loan-reduction-strategies/comment-page-1/#comment-62506 David S Thu, 19 Nov 2009 18:40:41 +0000 http://dividendmoney.com/student-loan-reduction-strategies/#comment-62506 This is an interesting ethical choice. Sort of like, do it to the other guy so he doesn't do it to you. Be in control. Be a landlord. I don't know how I feel about that. Wait, yes I do. I would never take this advice, because I don't like the selfish motivation. But I guess SOMEONE has to be a landlord, right? Ah, it's all so sordid. Makes me really ill. This is an interesting ethical choice. Sort of like, do it to the other guy so he doesn’t do it to you. Be in control. Be a landlord. I don’t know how I feel about that. Wait, yes I do. I would never take this advice, because I don’t like the selfish motivation. But I guess SOMEONE has to be a landlord, right? Ah, it’s all so sordid. Makes me really ill.

]]> By: Money Hackers Carnival - #4 http://dividendmoney.com/student-loan-reduction-strategies/comment-page-1/#comment-20278 Money Hackers Carnival - #4 Tue, 08 Apr 2008 02:02:30 +0000 http://dividendmoney.com/student-loan-reduction-strategies/#comment-20278 [...] presents Student Loan Reduction Strategies posted at Dividend [...] [...] presents Student Loan Reduction Strategies posted at Dividend [...]

]]> By: Dividend growth investor http://dividendmoney.com/student-loan-reduction-strategies/comment-page-1/#comment-19986 Dividend growth investor Wed, 26 Mar 2008 14:09:11 +0000 http://dividendmoney.com/student-loan-reduction-strategies/#comment-19986 I agree that students are bad tennants. But this strategy could work if the parent is the landlord and the kid and his roommates are the tennants. the kid could be in charge of fixing stuff/finding people to fix the stuff. I agree that students are bad tennants.
But this strategy could work if the parent is the landlord and the kid and his roommates are the tennants. the kid could be in charge of fixing stuff/finding people to fix the stuff.

]]> By: kentuckyliz http://dividendmoney.com/student-loan-reduction-strategies/comment-page-1/#comment-19751 kentuckyliz Fri, 21 Mar 2008 13:52:06 +0000 http://dividendmoney.com/student-loan-reduction-strategies/#comment-19751 I just paid off my last debt, a student loan, and I'm debt free. That doesn't mean I'm tool free--I have cash, savings, and investments, and those are much better tools than debt. LOL Students shouldn't go hog wild on excessive student loans, because they seriously overestimate their starting salaries and future earnings; and excessive debt restricts their freedom in the future, even affecting bigger decisions than mere money or career--when/whether to marry, buy a house, have children. Students should be creative about financing their education without loans, and there are ways; loans are a last resort. Avoid private student loans like the plague--you'll be sorry! They're the subprime ARMs of educational financing. Their availability has pretty much dried up because of the credit crunch. Government loans only. And don't go to a $40k/year college to become a social worker who'll earn $17k. Bad ROI. The house strategy outlined above is risky because college students are crappy tenants. Probably crappier landlords because they don't want to stand up to their peers and be tough. A kid would have to have an A-hole personality to make that work and play landlord. I guess it would be suitable for them...but otherwise it's destined to fail. I just paid off my last debt, a student loan, and I’m debt free. That doesn’t mean I’m tool free–I have cash, savings, and investments, and those are much better tools than debt. LOL

Students shouldn’t go hog wild on excessive student loans, because they seriously overestimate their starting salaries and future earnings; and excessive debt restricts their freedom in the future, even affecting bigger decisions than mere money or career–when/whether to marry, buy a house, have children. Students should be creative about financing their education without loans, and there are ways; loans are a last resort. Avoid private student loans like the plague–you’ll be sorry! They’re the subprime ARMs of educational financing. Their availability has pretty much dried up because of the credit crunch. Government loans only.

And don’t go to a $40k/year college to become a social worker who’ll earn $17k. Bad ROI.

The house strategy outlined above is risky because college students are crappy tenants. Probably crappier landlords because they don’t want to stand up to their peers and be tough. A kid would have to have an A-hole personality to make that work and play landlord. I guess it would be suitable for them…but otherwise it’s destined to fail.

]]> By: Save and Conquer » Blog Archive » Listed in Money Hackers Carnival #4 http://dividendmoney.com/student-loan-reduction-strategies/comment-page-1/#comment-19668 Save and Conquer » Blog Archive » Listed in Money Hackers Carnival #4 Wed, 19 Mar 2008 16:30:37 +0000 http://dividendmoney.com/student-loan-reduction-strategies/#comment-19668 [...] expense that Tyler at Dividend Money has by buying a house and renting rooms to college students in Student Loan Reduction Strategies. Who knows if we will be able to afford it when our son goes to college, but it is something to [...] [...] expense that Tyler at Dividend Money has by buying a house and renting rooms to college students in Student Loan Reduction Strategies. Who knows if we will be able to afford it when our son goes to college, but it is something to [...]

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