Student loan repayments have opened back up, and for many people, this remains a significant burden. So, in this episode, I’ll talk about the ways that you can get ahead of your student debt. Whether you took advantage of payments over the pause or not, you’ll want to listen in to hear these tips.
I'll share what you need to know to navigate consolidating, optimizing, and paying down your student loans. I'll also address the stress and anxiety that are involved when you find yourself in a significant amount of debt, as well as the importance of not ignoring it. You will get a step-by-step guide to tackling this debt in a way that will benefit you both mentally and financially.
Listen To The Episode Here:
What You’ll Learn:
The average amount of student debt that people hold.
The burden that debt has and the importance of acting on it.
The first thing you need to do in order to overcome student debt.
The difference between federal and private loans.
Why it’s beneficial to pay more than the minimum and ways to make that happen even if things are tight.
A brand new student loan benefit option available to employers.
The role of consolidating and refinancing your loans.
Ideas Worth Sharing:
- “The first step to trying to overcome a mountain of student debt is to try to remain calm.” - Regina McCann Hess
- “Federal loans have a fixed interest rate that happens to be lower than a private loan. In some cases significantly lower.” - Regina McCann Hess
- “You can’t fight your debt if you don’t know how much of it you have, or how paying it back works.” - Regina McCann Hess
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