Student Loan Planner

If you have student loan debt and want to work either part time or not at all, this episode will blow your mind. Most people want to work less than they currently are, but they aren’t sure how they can afford to do so.   No matter your life situation, it can be confusing to know how you can make your payments while working less. The strategies I’ll share in this episode will help you know how to approach both federal and private student loan debt if you want to cut your work hours — and how to live your life the way you want to.   In today’s episode, you'll find out:   Is it possible to work only part time (or not at all)? Can you work less even if you have student loan debt? What are reasons you may want to work less? How to negotiate a part-time work schedule with employers Strategies for paying student loans and preparing for a “tax bomb” while working less How can you pay less on your federal student loans if you work less? How to work less if you’re single Ways to approach private student loans if you want to work part time Can you take a sabbatical if you don’t work in academia? How to approach student loan debt if you want to be a stay-at-home parent How to handle student loans while living abroad and traveling What’s the Foreign Earned Income Tax Exclusion? Can you work part time while going for Public Service Loan Forgiveness? How to start limiting your budget and tracking expenses   Full show notes at: http://studentloanplanner.com/14 

Jessica Cox found herself in $300,000 of student loan debt after attending law school in New York. She went through many trials like losing her scholarships after her first year of classes. Despite the struggles during the first year, she was able to come back the next year and make the dean's list. It wasn’t easy, but Jessica graduated from law school and is now working to pay back her debt. She's currently working in legal marketing and business development in Houston, Texas. In today’s episode, you'll find out: Jessica's thoughts on law school after losing her scholarship after her first year Her thoughts on the bar exam What to do immediately after graduating law school What it's like to work as a legal manager? What moving to Texas did for Jessica's career Can you get get a license in one state and practice in another? Jessica’s first approach to tackling her student loan debt. What did she do to get a better idea of her debt and how did she start paying it back? How she used forbearance to help her get out of debt Will refinancing make any impact on my credit score? Has Jessica ever considered what impact her student loan debt can have on a future spouse? What piece of advice would Jessica give someone who hasn’t yet attended law school? What piece of advice would Jessica give someone who just graduated law school? My thoughts on the future of law schools. Is the schedule that a lawyer has worth the pay? For more information, visit the show notes at https://studentloanplanner.com/13 

If you are over 50 years old with student loan debt or know someone who is, this episode is going to be life-changing. There are 1.9 million people over the age of 50 who still have student loan debt. It's no secret that the information surrounding most student loan debt is pretty bad and somewhat confusing. When you're in your 50s, 60s, and 70s dealing with student loan debt, it can be even more confusing as you deal with Social Security and different issues with Parent PLUS loans. The student loan repayment strategies that I'm going to share in this episode will help you understand the core issues surrounding those who are 50+ with student loan debt, along with how to overcome them and get rid of the loans. Full show notes at: http://studentloanplanner.com/12 

Eric Meissner is a Marine JAG who knew there would be financial benefits to joining the military. Eric had some good mentors and family members who encouraged him to attend law school. He went in with the intention of getting a portion of his loans forgiven on behalf of the military. Eric graduated from law school with a little over $120,000 of student loan debt and his loans just came out of deferment. In this episode, we'll be discussing his repayment options, what led to his career path as a JAG in the Marine Corps, and any tips that can help someone who's also looking into a military career but is concerned about student loans. In today’s episode, you'll find out: What type of minor did Eric pair with his undergrad criminal justice degree? What led him to join the Marine Corps Did the military give any money for law school? What type of assistance the military offers How much debt Eric walked away with So what would Eric have done if he did not join the military? Are internships an option in the military? Do you get extra time added to your term if you ask for tuition assistance? What kind of income Eric can make as a JAG in the Marine Corps What the retirement system is like in the military Tips for law students who want to become a JAG Does your five-year contract with the military start while you're still in law school?   Full show notes at: http://studentloanplanner.com/11 

Is student loan debt good or bad? This is a controversial topic because we hear all the time from colleges and universities that student loan debt is 'good'. Still having loan debt can be stressful, especially if you owe six figures. If you've ever wondered is student loan debt was better or worse than others or even how to turn your loan debt from bad to good, this episode is for you. In today’s episode, you'll find out: Which debt is worse, credit card or student loans? What is negative amortization? How much interest would you be paying at the end of say a PAYE plan? How student loan debt accrues How to change student loan debt from bad debt to good debt Is student loan debt good debt or bad debt? Is forbearance ever a good option? Are graduate school programs good investments? 6 Factors to look at to decide if a debt is good or not Good debt is tax deductible. How having a repayment plan in place can make life less stressful How to determine if refinancing is right for you   Links mentioned: Studentloans.gov Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Stitcher, or TuneIn 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 the refinancing bonuses we negotiated Book your custom student loan plan

Let's go back to the beginning when I landed my very first student loan consulting client. I’ve been very fortunate to have Elaina as a friend over the years and helping her with her veterinarian student loans is where it all began. We met on a grouper date when a bunch of us got together and hung out. I actually was just helping out as a friend and didn’t take any sort of payment until I finally caved when she forced me to take some compensation. Going through veterinary school, her student loan debt quickly piled up, but I was able to help guide her to the correct repayment methods for her situation. In today’s episode, you'll find out: Private schools or public schools? Which is "better" for professional degrees in terms of student loan debt? Differences between a DVM and a VMD How many different vet schools did Elaina apply for? Working with someone you know and someone you don’t. (Travis as her SL advisor). If Elaina had a chance to look for and start a practice where would she look? What are the benefits of buying your own practice? Why don’t some veterinarians want to become business owners? What has been holding Elaina back from buying a practice? Retirement accounts experience - What and how much Elaina decided to invest in? Elaina’s ideal financial life? New or used car? What’s a better investment?
 Full show notes at: http://studentloanplanner.com/9  __________________________     Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Stitcher, or TuneIn 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 the refinancing bonuses we negotiated Book your custom student loan plan

Financial independence is a goal that many people strive for. Two-thirds of Americans would rather be doing something else with their time than showing up to work. In this episode, I’m going to cover the FIRE movement and why people want to achieve it. Also, how can you achieve FIRE when you’re juggling 6-figures of student loan debt? It’s definitely possible, and I’ll go over some ways that you can make it happen despite your massive loan debt. In today’s episode, you'll find out: • What does it mean to be financially independent? • Why financial independence is not just a dream • What if you are in a situation where you owe more than double your income? • 10% or 20% of the population will be forced into retirement because of health problems • Are your monthly memberships and your subscriptions worth it? • Should you contribute as much as possible to your 401K? • What kind of thoughts should you have when buying a car? • Does actually loving your job affect any of this FIRE movement thinking? Link to episode: https://www.studentloanplanner.com/8 

Katelyn Bailey is a student at the National University of Natural Medicine studying Naturopathic and Chinese Medicine. She received her undergraduate degree in Bio-Psychology from the University of California, Davis. Katelyn lives in Portland Oregon with her spouse and really enjoys the value a naturopathic doctor can bring to patients. In this episode, she talks about what having a career as a naturopathic doctor would entail and some of the main differences between naturopathy and other careers in the medical field. She's also done a great job limiting loans outside of student loans like her car loans and credit cards. In this episode, you'll find out: How is the typical pay for naturopathic doctors in Oregon? What kind of medication can naturopathic doctors prescribe? When recruiting new students are some institutions overstating what a naturopathic medicine graduate will be potentially making after graduation? What is the 4% rule? Are residencies required for naturopathic students? Is it best to own your own practice after graduating? What type of retirement accounts should I open while still in school? How many accredited naturopathic colleges are there in the US? If she had a chance to start over. What would she do differently? What are two paths Katelyn can take to pay her loans back? For more information, visit the show notes at https://studentloanplanner.com/7 

Dr. Quinn Yost graduated from dental school with around $510,000 in student loan debt. From a young age, Dr. Yost knew he wanted to live in California during some point in his life. He received the best scholarship that his private school offered and that only took care of half the tuition. Going through clinicals and actually working with the children changed his mind. Now a recent grad, he works for practice four days a week and is close enough that he can ride his bike to work. Dr. Quinn is just one of many dental school graduates working hard to pay down massive student loan debt. I feel grads in a similar position can definitely relate to his story and implement some of the strategies he’s using to pay his debt off faster.   In today’s episode, you'll find out: The factors and decisions leading up to Dr. Quinn’s choosing which school to attend when he knew he wanted to go into pediatrics. How much extra it can cost to get a specialty in pediatrics. What his biggest mistake was in dental school and residency What he has done about his private loans so far, and what his future plans are How important it is to shop around with at least 3 companies when considering refinancing your private school loans When I suggest you shouldn't refinance your loans How he has dealt with his 15K in credit card debt while having student loan debt What the breadwinner loophole is and where it is offered What an in-school deferment wavier request is and how it can benefit you How to best compare PAYE and revised PAYE Options to prepare for the tax bomb For more information, visit the show notes at https://www.studentloanplanner.com/6 

There are 40 million people currently carrying student loan debt and about 3 million have six figures of student loan debt. Rob is one of our senior consultants who is a Charted Financial Analyst (CFA) and a Certified Financial Planner (CFP). He has done over 400 consults for Student Loan Planner and specializes in helping people who have student loan balances between $200,000-$400,000. After meeting me at the Cortex Innovation Community in St. Louis and listening to a few of my consultations, Rob knew he wanted to join the team. After graduating college in 2001 and working a few jobs including one he worked at for 12 years, Rob knew his real passion was helping people find more money in their budget that they won’t miss. Rob began his career with Student Loan Planner in the Fall of 2017 when I started getting too busy with consultations and trying to produce articles for the website as well. Rob has been an amazing addition to the team and friend, so I was super excited to interview him on the podcast this week. In today’s episode, you'll find out: What type of careers Rob had before he joined SLP How starting his own business went How having a supportive spouse was beneficial when pursuing a new career How it's possible to raise a family and pay off your student loan debt His take on whether financial services should be free or come with a fee What he enjoys about working for Student Loan Planner   For more information, visit the show notes at https://studentloanplanner.com/5