💸 Money Cheat Sheet: Oh Hey, Student Loans

This week’s money mood: Welcome back, student loans

The not-so-great news: Earlier this month, the pause on federal student loan payments and interest was extended, but for the last time. The Biden admin is calling January 31, 2022 “a definitive end date.” So student loans will go back to normal on February 1.

The better news: You have a good amount of time between now and then to start working those minimums back into your budget.

The good news: We’re here to help. Scroll down for lots of resources to help you get back in the game.

Cheering for you,

Deedi Brown, she/her
Senior Editor

Cheers,

PS: Happy Women’s Equality Day!

People video conferencing on a computer screen with speech bubbles above it and a stack of money behind it. Illustration.

Come to tomorrow’s live Q&A

Have questions on what to expect when student loans go back to normal? Join us tomorrow at 10 AM ET for our money coaches’ insight and best advice to help you prep.

SEE YOU THERE >

An open envelope with a paper sticking out, a tear-off calendar showing February 1, and a graduation cap. Illustration.

You’re not alone, promise!

Nervous about building your student loans back into your budget? Don’t sweat — we’ve got you. Here’s how to make a plan for February 1 (and a silver lining or two).

READ IT, READ IT >

Prin∙ci∙pal

The amount you originally borrowed in a loan, before interest or fees. As you go, if you make payments larger than the amount of outstanding interest, the principal will come down until it’s — break out the champagne! — gone.

An illustration of one woman waving from a computer screen while the other walks along a wire toward a stack of bills.

Leave your debt in the past

Stride confidently into a debt-free future. This 1:1 session will help you make a plan for paying back what you owe.

HELLO, DEBT-FREE >

A text graphic that says, “Ditch the debt.”

There’s a spreadsheet for that

Our member-exclusive worksheet can help you get organized using two different approaches to paying off debt.

BUH-BYE, DEBT >

Journal about it

Picture yourself making a dent in your debt, or paying it off completely! (This is one of the most exciting wins we see at Ellevest.) Here are a few questions to help you start thinking about what it will mean when your loans are paid off.

Describe how these words make you feel: debt-free.
Maybe you want to take that dream vacation, or buy the latte, or buy that random thing at Target (we’ve all been there). Write down three things you want to save for — and spend on.
Whether it’s a place to call home, building wealth, or starting a business, what’s your one big, audacious money goal?

A woman in a suit leaning against a chair with a fashionable purse on it. Photo.

Giveaway alert!

For Women’s Equality Day, we’re teaming up with Rent the Runway to give away a super special prize package: two free months of RTR, an annual Ellevest Executive membership, AND one free coaching session.

ENTER TO WIN >

Make way for Future You. Including your biggest dreams.

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This week’s newsletter was brought to you while embracing the power of nostalgia (and a great cover). Forward it to your friends who say they’ll be there.

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Giveaway closes on August 31, 2021 at 11:59 PM. Winner will be chosen at random by September 2, 2021 and contacted via email. Official rules linked here.

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💸 Money Cheat Sheet: Oh Hey, Student Loans

This week’s money mood: Welcome back, student loans

Come to tomorrow’s live Q&A

You’re not alone, promise!

Prin∙ci∙pal

Leave your debt in the past

There’s a spreadsheet for that

Journal about it

Giveaway alert!

Make way for Future You. Including your biggest dreams.

This week’s newsletter was brought to you while embracing the power of nostalgia (and a great cover). Forward it to your friends who say they’ll be there.

Older messages

🤞Opinionated: Fingers Crossed on This Momentum

📆 9 Live Events to Join This Week

💗 Opinionated: Are You Overwhelmed Right Now?

📅 What Will You Learn This Week?

💸 Money Cheat Sheet: Are You Covered?

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