Be Thankful for Student Loans this Thanksgiving
November 22, 2013

Thanksgiving will be here in just a few days and not only is this a holiday about food, family and football, but it’s also the one day of the year where we’re mandated to give thanks. Most of us give thanks for the turkey, the sweet potato casserole (with those little marshmallows – yum!) and time spent with friends and loved ones, but how many of us give thanks for our student loans? We lament the burden of this debt regularly in our blog, but today we’ll turn the tables and think of why we should be thankful…

Be Thankful That You Had Access to College

Not everyone has access to higher education. Some have to go to work right out of high school to help support their family. Some can’t afford college even with grants and loans. Still others don’t believe in their right to an education and never tried. If you graduated and have your degree, you have much to be thankful for even if you have student loans…

Be Thankful That Loan Rates Have Dropped

When student loan interest rates doubled this summer, it was a huge hit for borrowers, but when Congress stepped in and finally passed a permanent interest change, rates dropped back down to reasonable for subsidized loans and decreased drastically for unsubsidized borrowers. This rate change will equate to thousands less in interest and that’s definitely something to be thankful for…

So much to be thankful for

Expand your ideas of what you should be thankful for
Image Source: BelindasGreatIdeas.blogspot.com

Be Thankful That You’re Learning Life Skills

One thing that being broke does for you is it teaches you how to get by on less. While you’re scraping by to make your monthly student loan payments, you’ve no doubt learned to appreciate furniture shopping on Craigslist, clothes shopping at Goodwill and living on a limited budget. These are life skills you likely would never have learned if you were flush with cash…

Be Thankful That Moving Back Home Is Now Status Quo

If you’re way too broke to deal with your student loans, you should consider moving back home. Why not pack up your stuff, show up to your folks for turkey and just stay for a few months (or a year or so)? More and more graduates are moving back home as a result of the troubled job market and the burden of student loans. Be thankful for this trend that makes moving back home nothing to be ashamed of…

Be Thankful That Your Loans Can Be Forgiven

Before the implementation of Income Based Repayment (IBR) and Pay As You Earn (PAYE), student loans were a life sentence unless and until you could pay them off. But thanks to these programs, if you qualify, you can have balances forgiven at 25 and 20 years respectively. If you’re struggling to make payments but can get in one of these programs, you should definitely give thanks…

At Tuition.io, we’re thankful for all the graduates who trust us to help them manage and vanquish their student loans. If you haven’t signed up for our free student loan management and optimization tool, click here now! Check out our blog for student loan repayment tips and our Student Loan Help Center for a wide array of info and How To guides.