An adviser says Josh Roiland may want to consider taking student loans out of forbearance early to avoid accumulating more interest. In 2012, a year after earning his doctorate, Mr. Roiland was hired as a visiting assistant professor at the University of Notre Dame, earning $44,000. “I should have known there would be a day of reckoning,” Mr. Roiland says. Mr. Roiland and his bankruptcy lawyer should discuss how building up his savings might affect the bankruptcy proceedings, she says. As his earnings increase, Mr. Roiland should boost his contribution to his 403b plan as much as he can, Ms. Barrow says.

Source: Wall Street Journal June 12, 2017 02:00 UTC