Massive student loan debt has become a huge challenge for graduates and there is no sign of the cost of college slowing down. Many millennials, who either incurred a lot of student loan debt or know someone who did, are now having children. Not surprisingly these parents are concerned about their children potentially incurring […]
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“Don’t count on loan forgiveness – it doesn’t work!” “It doesn’t sound like loan forgiveness is a thing. Didn’t you see that 99% of people get rejected?” There is a ton of negativity around Public Service Loan Forgiveness. Many are telling people there is no way they will get loan forgiveness. But in reality, […]
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One thing I pride myself on is laying out all the options. Everyone has a unique financial situation, and they owe it to themselves to consider all their options. Unfortunately one-size-fits-all advice is what some big personal finance authors and personalities push, which can be unhelpful at best and harmful at worst. For example, […]
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During a recent student loan repayment webinar I was asked the question “can I trust my financial advisor with my student loans?” This is a really important question that I thought would be worthwhile to address in a post. It’s a question that will come up again and again, as a higher percentage of Americans […]
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A few years back student loan refinancing wasn’t something that most people heard about. That’s not the case today. The student loan refinancing industry has exploded. According to LendEDU, private student loans now total approximately $100 billion. Driving the trend towards more and more private student loans includes: Cost of College – As the […]
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There are thousands, and thousands, and thousands, of blogs and articles out there with titles along the lines of “Learn how John and Jane paid off $120k of debt in 16 months!” If you click on these stories, though, 99% of the individuals and couples highlighted either have a high income, a dual income […]
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Millennials face a ton of financial challenges. Student loan debt. Wage stagnation. High cost of living. High cost of childcare. Credit card debt. The list goes on and on. Of all the financial pressures that millennials face, nothing quite compares to health care, specifically the cost of health care and how it is currently […]
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The sheer number of demands on our money can be overwhelming. Credit card bills. Car payment (and insurance) bills. Save for a house. Student loan debt. Don’t forget about retirement! The list goes on and on. It’s enough to make someone avoid spending time working on their finances altogether. That’s why I advocate looking […]
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As I researched and wrote Student Loan Solution, it became obvious to me that there are many common misconceptions about student loans. This wasn’t surprising, though. Any time you have something that is overly complex, you are bound to have misconceptions. Unfortunately for student loan borrowers those misconceptions about their loans can cost them […]
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Whether it’s student loans, credit cards, a mortgage, or some combination, most of us have debt. Regardless of how much debt you have, it likely makes it difficult to work towards your larger financial goals like saving for a house, building an emergency fund, or investing for retirement. As someone who took on significant […]
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