Student Loan Planner

President Biden extended the student loan interest and payment freeze for federal student loans on the first day of his presidency. Find out what the freeze means and how you may be affected by it. I’ll also talk about the long- and short-term implications of refinancing your student loans in this environment and if you should take advantage of the low interest rates and break down the student loan legislation we might see from the Biden administration in the future. In today’s episode, you'll find out: When your next student loan payment might be do How long the student loan interest and payment freeze will last What I think it means for the Biden administration’s stance on student loans What the post-election path forward looks like for Republicans The fate of the eviction moratorium Details about President Biden’s February infrastructure bill What you need to know about Biden’s student loan interest payment suspension Why I don’t think Biden will cancel more than $10,000 of student loan debt Which loans got left out of the student loan interest freeze How much the interest freeze will cost When refinancing your student loans makes sense The implications of refinancing student loans in the current environment Student loan legislation and future bills and reform we might see Full show notes at: http://studentloanplanner.com/114   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

After navigating the system and successfully applying for financial aid, New York Times columnist, personal finance expert and author, Ron Lieber made it his life’s mission to demystify the complexity and help students and their families discover smart ways that they can “beat the system” to get the best value at a reasonable cost. We also discuss his book, The Price You Pay for College, that was released today. In today’s episode, you'll find out: How colleges financially take advantage of incoming college students The one hack Lieber says you need to pay less for college How to ask for a financial aid appeal to get more money for college How financial aid is disproportionately disadvantages low-income students and people of color What is merit aid and how did it become so popular at colleges Why state universities have honors colleges Whether an honors college is worth it Why using adjuncts and non-tenured positions don’t lower tuition costs What is ‘administrative blot’ and why it’s good for students How college choice impacts the person your marry Why Lieber doesn't think the tax bomb is going to be as big as you think The reason Lieber thinks raising federal borrowing limits can help borrowers Why you should assume your servicer will screw up the reinstatement of your loan payment What Lieber predicts will happen to student loans in a Biden administration Where to get a copy of Lieber’s new book, The Price You Pay for College Full show notes at: http://studentloanplanner.com/113   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

It’s no secret that student loan debt affects people’s lives — and not in a good way. The ever-increasing student loan debt is a major cause of frustration and stress for many college graduates in America. Why is that? Who benefits from student loan complexity? Join me as I discuss why you need to know the complexity behind student loans and who are the biggest beneficiaries. In today’s episode, you'll find out: Why you need to know the complexity behind student loans How student loan complexity can benefit borrowers Why student loans are as complex as they are When the student loan interest rate is irrelevant How borrowers overestimate the accumulated interest Why student loan interest isn’t the real problem - and what is How knowing the rules can give you control over your student debt The myth that says you can’t control your own future How your student loan balance grows with capitalized interest How forbearance can double your student loan balance every 10 years The one-step plan to making sure your debt doesn’t stress you out anymore Why student loan debt cancellation will never happen How dental service organizations profit off the high cost of education The way banks profit off the system by offering private student loans The role of loan servicers in student loan complexity Why student loans don’t have to be scary or frustrating and what to do about it   Full show notes at: http://studentloanplanner.com/112   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

2020 was a strange and unprecedented year for the entire world. But especially for the United States, it seemed like everything that could go wrong went wrong in 2020. And though we have been thoroughly tested, we remain hopeful for a better future. So how can we invest wisely and create wealth despite the commotion in the world around us?   In today’s episode, you'll find out:   If you would have known what would happen, what would you have done differently in 2020? How the Dow Jones performed in lockdown Why successful stock traders often get things wrong What is momentum investing Why past investment performance doesn’t predict future results How undervalued stocks impact investing strategies How interest rates can influence the companies you invest in The role of risk in investing How to balance high growth with the potential of high risk Full show notes at: http://studentloanplanner.com/111 Links mentioned: Six-Figure Debt to Six-Figure Income   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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 than half of college attendees in the US take out student loans. Imagine saving your kids from the financial burden of student loans without being super-rich. It’s possible with a 529 plan. In this episode, I talk about 529 plans, how they work and why they’re a smart way to save for you kids’ college education.   In today’s episode, you'll find out:   What a 529 plan is The two types of 529 plans to consider How to save your kids from the burden of student loans How much to save each month to pay for your kids’ college What is a UTMA/UGMA account What tax benefits come with saving with a 529 plan Tax penalties to watch out for with a 529 plan What happens to the money if your kid doesn’t go to college What is the rule of 72 and how it can double your savings Which states allow you to open a 529 plan anywhere What to do before opening a 529 plan Full show notes at: http://studentloanplanner.com/110   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

We’ve created over 5,000 custom student loan repayment strategies for clients. In this episode, I’m sharing the best repayment tips by occupation. Find out what most borrowers in your profession do with their student loans and how best to pay them off. In today’s episode, you'll find out: The one repayment strategy people don’t talk about The best student loan tip for physicians How filing taxes can save you money on student loans Why dentist student loan debt varies so much How to make the most money as a veterinarian What’s the best student loan strategy for lawyers Which colleges I think are the most deceptive Why forgiveness makes sense for chiropractors The one forgiveness program teachers shouldn’t use Why psychologists should go after forgiveness How physical therapists should repay their loans Student loan tips for optometrists, social workers and more Full show notes at: http://studentloanplanner.com/109   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

One of the most critical decisions you have to make as a student loan borrower is where to live and work. Join me as I talk about how the location you choose greatly influences your income, your costs and the opportunities available to you for paying back your student loans. The key is to optimize your loan plan for what you want and design your student loans around your life goals.   In today’s episode, you'll find out:   How location impacts whether you should refinance The best cities for student loan forgiveness Why living in a big city could cap your income potential Common traits of healthcare professionals earning over $600k Costs that impact profit when you open your own practice How rural areas can increase employee loyalty in your practice Why you can charge more when there’s little competition Whether you should refinance your loans or pursue forgiveness Factors besides student loans that can influence where you chose to live The key to optimizing your loans for what you want How to design your student loans around your life Full show notes at: http://studentloanplanner.com/108   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

It doesn't matter how good you are with the sword if you are up against an artillery of guns and other munitions. In the same way, you cannot approach your student loan debt the same way your 60-year-old uncle or your parents approached it. Here’s how to take advantage of the new weapons in the war on student loan debt.   In today’s episode, you'll find out:   How WWI compares to student loan debt today How to make big money as a professional The argument against “suck it up and pay your student debt” The big jump in dental school tuition that’s 55x more than in 1978 Why big incomes aren’t worth the sacrifice Why educational leaders hike up graduate tuition How regulation could stabilize higher education When to know if you should refinance How the refinancing ladder works Where to find the best refinancing bonuses Why forgiveness is a great strategy for borrowers with high debt How much to save if you want to have a comfortable retirement The many strategies, or new weapons, to tackle student loans Full show notes at: http://studentloanplanner.com/107   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

Lots of topics to cover in this episode - I answer reader questions about student loan repayment and the best strategies for dental specialists. We also dive into what I think about the chance of Biden forgiving student loan debt and what that could mean for your taxes, and we have an interview with Justin Sloan, CFA, CFP, about asset allocation and the best way to save for retirement.   In today’s episode, you'll find out: Why dental specialists have higher student loan debt than other borrowers How to handle student loan repayment during residency What to do if you didn’t file a tax return because you had $0 income How to make a $0 monthly payment on your student loans during residency Whether REPAYE or PAYE makes more sense for repayment What to do about accrued interest on your student loans When paying extra on your student loans is like throwing money away Why it doesn’t make sense to pay extra toward accrued interest Will Biden cancel some student loan debt Can student debt cancellation be done legislatively What happens if Biden issues an executive order canceling student loan debt Why canceled student loan debt could cost you more money How to best save for retirement The importance of asset allocation and diversifying your savings vehicles Why your 401k isn’t enough How to get financial flexibility when preparing for retirement   Full show notes at: http://studentloanplanner.com/106   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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

Your student loan balance at the end of your program can balloon more than you thought you’d end up with. Find out how that happens, why I think America’s first $700,000 dental degree is worth it and why your student loan debt doesn’t matter as much as you think.   In today’s episode, you'll find out:   The hidden cost of higher education How tuition inflation impacts students How much accrued interest adds to your loan Why your loans balloon so much while you’re in school How to calculate tuition inflation using the Wayback Machine Lies admissions counselors tell you to convince you to enroll How NYU can charge $700,000 for a 4-year DDS degree Why expensive law schools, medical schools, dental schools and other professional degree programs cost so much How your student loan payment can be the same for $700k and $200k of debt When to look at student loan debt as a tax instead of a debt Why I think the tax bomb will disappear in a few years Loopholes to maximize IDR plans and pay 5% of your income   Full show notes at: http://studentloanplanner.com/105   Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   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