4 Student Loan Terms That It Pays To Know [VIDEO]

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The SALT™ Blog video of the week is no stranger to definitions. In fact, back in the good old days of this column (i.e., before I got my stubby fingers on it), former interns Mike and Shane both offered some vocab of their own.

For Mike, it was 20 simple ways to define common financial terms (I, for one, still feel like the Sherriff of Rottingham about “Paycheck Robin Hood”). Shane dumbed it down a shade further, explaining financial concepts as though we were 5 year olds. Being the intellectual that I am (I did just reference Robin Hood: Men In Tights, after all), I’m going in the opposite direction.

It’s time to get complicated.…

United Breaks Guitars = Insurance Premiums and Deductibles

United Breaks Guitars Insurance Vidcabulary
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This February, the SALT Blog is helping you “feel the love.” (The quotes probably make that sound much creepier than it should.)

Thanks to Valentine’s Day, love is all around us this month. That love is typically of the “person-to-person” variety, but what I want to talk about is “person-to-thing” love. (OK, that one sounds creepy on its own merits. I’m sorry.)…

Star Wars Kid = Emergency Fund

Money Knowledge for college and beyond
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It’s easy to come into money this time of year. You could receive it as a gift, a year-end bonus, or from selling the rights to Star Wars. (Note: That last one is where the big bucks are.)

It’s even easier to spend that cash on something expensive like this. And while the kid in this video would probably love that, here’s some different, Yoda-esque advice for what to do with your new wealth: Emergency fund, you should start.…

David After Dentist = Student Loan Default

Money Knowledge for college and beyond
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Let’s get a disclaimer out of the way: This post’s intention is not to trivialize student loan default. Default can be a crushing burden for many people—with some tragically unable to shoulder its weight.

Still, defaults continue to rise, and many people continue to suffer because of it. We want to help you avoid this situation altogether—so you don’t face a David-like primal urge to scream about your debt. And the best way (OK, more like “a way”) we can do that? With a little vidcabulary.…

STUDENT LOAN FORBEARANCE = CHARLIE BIT MY FINGER AGAIN

Money Knowledge for college and beyond
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Back in middle school, I took a “study for success” class. I can’t say my studying was more successful because of it, but some of the teacher’s methods stuck with me.

One of these methods involved pairing vocabulary words with videos. Specifically, I remember a video that showed a “myriad” of snakes, i.e., a lot of snakes. I can’t be sure if that definition stayed with me because of the tactic or because no one likes seeing that many snakes.…