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Ep172 “Student Loan Forgiveness”
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One of the biggest conversations in the financial world right now is the conversation regarding student loan forgiveness. By now, it’s no secret that there will be no student loan forgiveness and for most Americans with student loan debt, repayments will be mandatory come October. Today, we focus on the key things you should be aware of when it comes to paying back your student loan debt and why it’s so important to do it as quickly as you can! TALKING POINTS (3-5):
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- Introduction
- Student loans have to be repaid
- Interest resumed in September; payments resume in October
- Why is paying off my student loans so important?
- Don’t want to be in debt to someone else
- DTI when it comes to purchasing a home
- Once it’s paid off, that money can go towards a downpayment on a house
- Where do I find the extra money for my student loans?
- Budgeting!
- Work overtime/Get a second job
- Sell items around the house
- Use gift money that comes your way throughout the year!
- Disclaimer to the younger generations who still have yet to go to college!
- Final thoughts
100 episodes
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