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From Zero Funding to Graduating Student Loan Debt-Free

Personal Finance for PhDs

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Introduction

This is season 13 of the Personal Finance for PhDs podcast. Dr Jose Riera recently finished his PhD in education from Washington State University. He initially accepted some student loans and expected to accumulate $100,000 of debt before graduation. The offer of admission to WSU did not include any funding, so he initially accepted some Student Loan Interest Payments (SLIP) which are a type of loan that allows you to borrow money without paying it back. You can also take out an SLP by going through your credit card statements or bank accounts until they're paid off. Use this information to help students understand how their financial situation will change over time.

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