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Hello, More Debt (Temporarily)

This article was written by in Debt Reduction. 9 comments.


The last portion of my final student loan was disbursed last week. That means that my debt level has increased again (although I have more funds in the tuition fund at my school to offset that debt). As reimbursements come in from my company, the debt should decreasing again — as long as I can afford to apply those reimbursements to the student loans.

Speaking of education, don’t forget the deadline for consolidating student loans is at the end of this month.

The good news is that my level of debt now is likely the highest I’ll ever have (except for a hypothetical mortgage for a house at some point).

Some bad news now that I’ll throw in at the bottom of this unrelated post. My girlfriend and I will not be sharing an apartment. Now I’ll have to decide if it is worth it to move closer to my job (less of a commute but higher rent) or stay where I am (loud neighbors, overpriced apartment).

Updated September 28, 2007 and originally published June 20, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 3 comments… read them below or add one }

avatar Mike

“You pay more attention to your stupid blog than you do to me.” (I hope it didn’t go like this!)

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avatar Luke Landes ♦127,475 (Platinum)

Although that would be valid… not this time, anyway.

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avatar saving advice

Just a quick note to those that still need to consolidate their loans before July 1 – president Bush signed a law making it possible for you to consolidate the federal student loans with anyone (you had to consolidate with the organization where you initially received the loan before) so it should be easier to do so – do it quick as the interest savings will likely be worth thousands of dollars.

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