Can You “Double Dip” On Student Loan Forgiveness Benefits?

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Helping people understand student loans is our job at SALT™, and few are better at it than Betsy Mayotte—the director of regulatory compliance for American Student Assistance® (our parent company). We told borrowers to “Just Ask” her questions, so check out her answers below (as well as her cat—because if Piglet can’t make student loans better, what can?).…

Should Parents Pay For College?

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Sometimes, I think that my two and a half year old is going on 18. I jest, but time flies and college isn’t far behind. Realizing this, my husband and I started looking into options for saving for college. A financial adviser told us (with a straight face, no less) that given the current trends of tuition increases, we would need to save $3 million to put her through college. I found an estimate that was a little less disturbing, but not much better.

Once I stopped laughing hysterically, I started to consider what our role should be in paying for her education. Or, really, what should any parent’s role be? There seems to be two approaches to this question.…

3 Surprising Financial Results From Living In NYC A Month

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I made it, SALT™ Blog. It has been a whole month in New York City, and I haven’t been mugged or gone broke yet (*knocks on wood*). And thanks to a stringent budget, some piddling Excel skills, and a general willingness to skip dinner from time to time, I’ve managed to meet my savings goals for the month! Woohoo!

That being said, there were definitely a few close calls. They were surprising close calls, too. Living in a city comes with a whole bunch of different expenses that you don’t really run into as a student or a suburb dweller. So, if you’re planning to make the move to an urban-landia in the near future, check out some of my budget results below—I think they may surprise you.…

Identifying And Overcoming Your Quarter-Life Crisis

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A couple posts back, I talked about quitting my 40-hour-per-week office job to pursue a career as a freelance travel writer. I did this to follow my dreams; however, it’s also an attempt to solve my ongoing quarter-life crisis.

Becoming a grown-up is scary business, and people often panic as the path through life becomes less clear-cut. Some will wish they’d chosen a different career, studied something else in school, or just attended or finished college in general. People who moved home after college may also feel like they’re trapped in their hometown forever. I stayed in my university city for 2 years after graduation, and I was feeling stuck there.

Fortunately, it’s never too late to change the course of your life! Here’s my step-by-step guide to recognizing the signs of and handling your quarter-life crisis.…

Moving On: What I Learned In The Past 2 Years At SALT

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No one prepares you for how it feels to leave a job you love in many ways. Parting is not as simple as turning in your name badge and logging off for the last time. Having accepted a new career opportunity, I’m feeling this now, as I say so long to so many wonderful colleagues—and to you, my SALT™ Blog readers.

Change can be good, but frankly, it’s a little rattling at the same time!

So, as I wind down my time at American Student Assistance® and as a SALT blogger, I wanted to share a few key things I’ve learned along the way.…

Creating My First Excel Sheet Budget: Is This Growing Up?

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The other day, I was chatting with a coworker who has been freelancing for 10 years. Like the 20-something I am, learning as I go, I word vomited something like the following at her: “How do you handle taxes as a freelancer? Do you itemize?”

She now handles taxes differently, being married and having “dependants” and all, but when she started, she tried the whole itemizing thing. How’d she handle it? With two things, she said: receipts and an Excel sheet.…

4 Ways To Save When You Splurge On Electronics

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I recently purchased a new, shiny, purple camera that came in at a cool $250. I was excited, but I was also so shaky that I dropped my debit card as I went to swipe it. Big purchases can be scary, especially when you buy electronics. There are so many choices, and every product is improved and upgraded on what seems like a weekly basis (I imagine a future where my kids will have the iPhone 760 and be floored that I had the iPhone 4).

In the process of researching and purchasing my new camera, I came up with some tips to help you save on your splurges. With Black Friday just a few weeks away, these will definitely come in handy if you want to skip out on the lines.…

Answers To The Student Loan Details That Trip People Up

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Many student loan borrowers’ grace periods will end this month, putting their loans in repayment. To help them start on the right foot, Aaron Weber sat down with Alexander, a counseling specialist with SALT™, to discuss three common sources of repayment confusion: income-based repayment, Public Service Loan Forgiveness, and Teacher Loan Forgiveness. Here’s what he has to say.…