Student Loan Planner Robert Farrington on the Fastest Ways to Get Out of Debt
Jun 4, 2019
50:25
Robert Farrington is the founder of The College Investor, a site that’s helped people with their student loans for 10 years and counting. He worked as an executive at Target before making his way into the personal finance blogosphere following a horrible experience with FedLoan Servicing. Learn about Robert’s thoughts regarding Public Service Loan Forgiveness (PSLF), the student loan crisis and his advice for getting out of debt.
In today’s episode, you'll find out:
- Why Robert founded The College Investor
- Why articles claiming PSLF will have a 99% rejection rate are misleading
- How a lack of education regarding student loans hurts borrowers
- How a side hustle can help you pay off your student loan debt more quickly
- Robert’s advice for student loan borrowers considering whether to buy a house
- His thoughts on whether the student loan crisis will eventually crash
- How trying to unwind the credit in the student loan marketplace could negatively affect graduate programs
- Why Robert is a fan of borrowing caps for student loans
- What order financial savings should be put in, in terms of debt
- Extreme stories Robert has heard in regards to student loan borrowers
- The financial stressors he saw in employees while working at Target
- Robert’s thoughts on the FIRE (Financial Independence, Retire Early) movement
- What percentage people should be saving of their income
- His advice for setting up your own professional website — and why it’s important
- The best financial advice Robert has ever received
Full show notes at: http://studentloanplanner.com/27