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Nitro Knowledge. Your Guide to Paying for College.


In the words of talk show host Wendy Williams, “How you doin?”

Before you answer, maybe you should look to your right and your left and see how your “neighbor” is doing to get a different perspective. It’s easy to have a false sense of security when you’re looking in the mirror only at yourself. 

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Sometimes life throws curveballs that wreak havoc with our finances. When that happens, it’s tempting to ignore statements—or set your email to send payment reminders right to the spam folder. 

But really, the easiest way to avoid defaulting on student loans is to face the problem head-on. 

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The statistics are stunning. As of 2017, student loan debt hit an all-time high of $1.7 trillion.  More than 44 million Americans owe an average of $37,000.

So, how’s paying back all that dough working out for everybody? According to our recent survey of 1,000 Americans, the answer is decidedly mixed. Much depends on the student’s field of study, who got help from parents, and what type of institution they attended.

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If you’re struggling to make your student loan payments, you may have wondered if forbearance is a good idea.

While it’s true that forbearance can offer you some temporary relief from student loan payments, that relief can come at a significant cost—and can make paying off your student loans even harder. 

Let’s talk about what forbearance is, and if it’s the right option for you.

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Chances are, if you are a new college graduate, you have some federal and/or private student loans that need to be repaid.

Because managing debt can be a burden and keep you from achieving life goals like moving out on your own or getting married, paying off student loans early might seem like a good idea. But debt and finances are intertwined, so there are several things to consider before you start applying any extra cash toward retiring student loans early.

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When I was a college student on a limited income, I learned quickly how to live on a tight budget. It involved finding free activities on the weekends, lots of ramen, and a strict policy on not buying new clothes more than a few times a year.

Little did I know that would be great practice for the post-graduate hustle, when student loans would take up a significant chunk of my monthly budget.

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