40 Essential Power Moves to Conquer Student Loan Repayment (Pt 1)
Listen now
Description
Whether navigating the post-graduation grace period, exploring new repayment options, or looking to supercharge your loan payoff, this episode is jam-packed with practical advice to help you take charge of your financial journey.  Hosts James Mwombela, CFP®, CSLP®, Rebecca Baldauf, Jake Courtney and Sam Silberstein deliver a wealth of insights for effectively managing student loans. No matter where you are in your career, you’ll walk away with actionable tips and the latest strategies to confidently tackle your student loan debt.  In today’s episode, you'll find out: The financial benefits of paying during the grace period to minimize interest accumulation How consolidating loans after graduation can be smart, especially if your past income was more 'ramen diet' than 'caviar dreams' The value of a student loan planner in creating personalized repayment strategies that align with your career ambitions and financial situation How returning to school could enhance career prospects and open doors to loan forgiveness Potential upcoming improvements in income-driven repayment plans Insights on managing student loans with strategic considerations for prioritizing private student loans  The date Parent PLUS loans need to know for access to lower monthly payments How claiming student loan interest deductions affects your AGI Why avoiding forbearance is crucial when aiming for loan forgiveness The role of the debt avalanche method and current considerations for refinancing student loans How targeting high-interest student loans first can be a strategic move for repayment The ins and outs of the 12-month ramp-up period for borrowers struggling to make payments The benefits of an income-driven repayment plan as an alternative to default Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Subscribe to the newsletter   Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan  
More Episodes
A looming June 30, 2024, deadline means big changes for student loan borrowers. Student loan experts Lauryn Williams and Connor Pierce explain why this is the last call for the IDR waiver, Pay As You Earn (PAYE) plan and Income Contingent Repayment (ICR) plan. Learn what’s at stake with these...
Published 06/25/24
Published 06/25/24
Student loan interest rates are on the rise as we head into the 2024-2025 academic year. What does this mean for you? David Aizuss, CSLP®, explores the effect on students, graduates, and parents. Discover how student loan interest rates work and why higher interest rates could change your...
Published 06/18/24