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An Update On Student Loans: What You Need To Know With Travis Hornsby, CFA, CFP®

The Long Game

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How to Get Rid of Your Student Loans

The new rules for income based repayment is it also cuts the interest rate because all of your interest that's not required to be paid based off of what your monthly payment is, is subsidized. So effectively what that does is it cuts your interest rate down to like zero or 1%. And so then your student loans are effectively frozen and inflation is just like eating away at the value of your Loans. You can grow wealth by paying down debt but you can also grow wealth by growing assets.

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