Episode 64: Paying Down Six-Figures of Student Loan Debt with Travis Hornsby

Episode 64: Paying Down Six-Figures of Student Loan Debt with Travis Hornsby

Debt
Debt
Episode 64: Paying Down Six-Figures of Student Loan Debt with Travis Hornsby
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This week I sat down with Student Loan Planner, Travis Hornsby to talk about student loan debt.

Travis founded Student Loan Planner after helping his wife figure out her six figure med school loans and realizing that all their friends needed help too. He’s consulted on more than $250 million of student debt, which is more than any one person in the country. He loves helping clients realize that financial freedom and security is possible no matter how high their student loan balance. He lives in St. Louis, MO.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • How Travis got into the student loan business
  • The difference between undergraduate and graduate student loans
  • Where most people get into trouble with student loan debt
  • The two best approaches when you are in a ton of student loan debt
  • How much debt you should have if you’re considering the refinancing option
  • A large tax bill doesn’t have to be as scary as you think
  • The importance of shopping around during refinancing
  • Places to turn to if you feel your student loan debt is unbearable
  • How to manage stress from student loan debt
  • Options to deal with student loan debt as a couple
  • Conversations to have with your spouse if one or both of you have student loan debt
  • Common professions that find themselves in student loan debt
  • The shift in the education industry that is increasing student loan debt
  • Why you should look at a financial aid/school admissions department like a sketchy used car lot

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH TRAVIS AND LET HIM KNOW YOU HEARD ABOUT HIM HERE

ENJOY THE SHOW?

Episode 46: 10 Student Loan Mistakes You May be Making with Natalie Bacon

Episode 46: 10 Student Loan Mistakes You May be Making with Natalie Bacon

Student Loans
Student Loans
Episode 46: 10 Student Loan Mistakes You May be Making with Natalie Bacon
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AM I HANDLING MY STUDENT LOANS CORRECTLY?

This week I sat down with fellow CERTIFIED FINANCIAL PLANNER™ and blogger, Natalie Bacon.

Natalie is a CERTIFIED FINANCIAL PLANNER™ at a registered investment advisory firm during the day, and a blogger at night. She’s been featured in Forbes, CNBC, MSNBC, US News, and The Huffington Post. Before all this, Natalie was an attorney, but quit because she hated it. You can find Natalie on her blog, at NatalieBacon.com.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The biggest hang up people have when it comes to facing student loan debt
  • The importance of understanding the terms of your student loans and why the details matter
  • Problems with the student loan debt forgiveness plan (and why it isn’t as great as you think it might be)
  • Understanding the negative aspects of refinancing Federal students loans
  • Whether you have the right insurance in place for your student loans (Yes, this is a thing!)
  • Whether it’s better to invest or tackle student loan debt
  • Understanding some of the differences between federal and private student loans
  • A big (incorrect) assumption people make when it comes to qualifying for different student loan programs
  • How to work in your goals when you have student debt to pay off
  • Benefits of paying off your loans early instead of dragging them out
  • A few traditional and not so traditional ways to increase what you putting towards your student loans.

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH NATALIE AND LET HER KNOW YOU HEARD ABOUT HER HERE!

ENJOY THE SHOW?

Episode 21: How to Tackle Your Student Loans with Jay Fleischman

Episode 21: How to Tackle Your Student Loans with Jay Fleischman

Student Loans
Student Loans
Episode 21: How to Tackle Your Student Loans with Jay Fleischman
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This week I sat down with consumer protection lawyer and student loan expert, Jay Fleischman.

Jay has been a consumer protection lawyer for over 20 years. He helps people find solutions to their student loans problems so they can plan for the future and achieve their financial goals. He’s a nationally-known speaker on the subject of student loan resolution, and operates the Student Loan Law Workshop, where he helps to train other lawyers in this challenging field. He also hosts The Student Loan Show, a podcast about classic cartoons and choosing the right ballpoint pen (kidding – it’s about student loans).

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The number one concern people have with on student loans
  • The difference between public and private student loans and the options for repayment for each.
  • How to find out what type of student loans you have.
  • Strategies for dealing with loans that will give you flexibility with your repayment plans.
  • What not to do when it comes to paying your student loans.
  • How your student loans can impact your credit score.
  • What public student loan forgiveness is and what professions it applies to.
  • How to prepare in advance for any taxes due on loan forgiven balances.

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH JAY AND LET HIM KNOW YOU HEARD ABOUT HIM HERE!

ENJOY THE SHOW?

Episode 06: Ask Mary Beth – How Many Bank Accounts You Need and Should You Buy a Home When You Have Student Loans?

Episode 06: Ask Mary Beth – How Many Bank Accounts You Need and Should You Buy a Home When You Have Student Loans?

Ask Mary Beth
Ask Mary Beth
Episode 06: Ask Mary Beth - How Many Bank Accounts You Need and Should You Buy a Home When You Have Student Loans?
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HOW MANY BANK ACCOUNTS DO I NEED?

SHOULD I PURCHASE A HOME IF I HAVE STUDENT LOANS?

One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I’ll be taking time to address and answer questions I’ve come across from readers and clients throughout my career. Today I’m answering the above questions.

WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The number of bank accounts you need.
  • What to consider when opening multiple bank accounts.
  • Tough decisions you may need to make when working towards goals.
  • How to keep one-time expenses from derailing your cash flow.
  • Cash flow considerations for locking in a mortgage.
  • What your debt-to-income ratio is and what percentage it should be at or below.
  • Items to keep in mind when saving for a down payment.

LINKS MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?