Student Loan Planner

From the perspective of what you'll have to pay on your student loans, the worst that can happen isn't any different than being a resident of California or New York City. Student loans aren't a debt sentence. If you have a plan in place, life can be pretty good with student loans. I explain why student loans are like a tax, and also answer a few listener questions about student loans. In today's episode, you'll find out: Listener question: Should you take out the max student loans this year? Listener question: How to refinance as an international student? The wage gap between college graduates and non-college graduates Why college demand has gone up in the last 10 years How the federal government is driving up the cost of education How the cost of living in California and NYC is the same as paying on student loans Why I think the tax bomb will be eliminated someday How someone with $250,000 in student loans is better off than someone who's mom or dad paid for their education completely Why your student loan debt is like a tax and not a debt Full show notes at: http://studentloanplanner.com/91 Links mentioned: Refinance your student loan Submit your question to Student Loan Planner 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

In addition to Joe Biden announcing Kamala Harris as his running mate, President Trump issued a student loan order. Trump's order extended some of the relief of the CARES Act but it also comes with some confusion. In this episode, I'm giving a rundown of the impact it could have and what the order means for you. In today's episode, you'll find out: Overview of recent events in Washington, DC What Kamala Harris thinks about student loans Which programs Harris thinks should be expanded What I think will happen to student loans if Biden wins Why Trump's student loan order might not be legal Why economic hardship deferment matters when the CARES Act ends The truth about whether payments will resume in October How the suspended payments work under Trump's student loan order Whether the months after September 30th count toward forgiveness What happens to borrowers in default My advice on what you should do based on Trump's student loan order Full show notes at: http://studentloanplanner.com/90 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

Knowing how to handle your student loans is only part of the equation. You must also know how to invest so that, one day, you'll have so much net worth that having student loans is irrelevant. Join me as I go through several listener-submitted questions about how to invest with student loans, and how the pandemic recession might impact your strategy. In today's episode, you'll find out: What to do if you don't have access to a 401k or 403b When I don't recommend becoming a landlord My advice for a side hustle for extra income What to do if you get a big windfall The most important metric to consider before investing How to read a mutual fund fact sheet Why the investment returns don't matter The best way to invest for your child's education How pandemic recession investing compares to investing during the Spanish Flu and the Great Depression Why does the stock market not reflect the current economy Can dentists rely on their private practice as their retirement plan? How to manage your investments when the tax bomb comes due Full show notes at: http://studentloanplanner.com/89 Links mentioned: Buckingham Wealth Management Student Loan Planner Financial Resources Interview with Tom Bodin, CFA, CFP® Betterment 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

Changing jobs can lead to more than changes in your income. It could disqualify you from PSLF. But what if you're in a job that makes you unhappy? Should you stay? In this episode, I answer those questions and more to help you decide if moving to the private sector is worth it. In today's episode, you'll find out: What to do if you feel trapped in your public sector job When is staying with a not-for-profit the best choice How to decide if abandoning PSLF is a financially sound decision The value of a 401k match, paid time off, and health insurance in your decision How much more you need to earn to make up for the loss of PSLF Whether you can switch back to the public sector and return to PSLF The difference in value for PSLF between low- and high-income earners Should you stay with a not-for-profit or open up your own private practice The rule of thumb I use to compare the value of PSLF in your career What to do if you're on the fence about switching from PSLF to taxable forgiveness Full show notes at: http://studentloanplanner.com/88 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

Investing is a crucial part of building long-term financial stability. Even if you have student loan debt that tops $500,000 or more, here's a look at how our flagship course, Six Figure Debt to Six Figure Net Worth, can teach you to invest and transform your life. In today's episode, you'll find out: Why you should be investing even with student loan debt What you'll learn in our Six Figure Debt to Six Figure Net Worth course Why the stock market crashed 30% when the pandemic hit What the Fed did to help the market rebound so quickly Why the stock market is strong despite the growing pandemic What's the best thing to invest in for long-term growth How to choose which fund to put your money in The story behind market capitalization weighted investing How tax loss harvesting can save you big money Why the order of your actions matters for building wealth Why it doesn't matter if student loan forgiveness happens or not How to define your goal of financial security How to sign up for the Six Figure Debt to Six Figure Net Worth course Full show notes at: http://studentloanplanner.com/87 Links mentioned: Six Figure Debt to Six Figure Net Worth 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

Dr. Carrie Jurney joins me in this episode to talk about mental health challenges of veterinary professionals. She is the board president of Not One More Vet, Inc, which is the largest profession-specific mental health advocacy organization that I'm aware of, and helps to foster a community of over 25,000 veterinarians, support staff, and vet students to promote better mental health and self care. In today's episode, you'll find out: Why compassion fatigue is a real issue How Not One More Vet got its start Why being a vet is more than playing with dogs and cats all day The importance of community among veterinary professionals Why "working harder" won't fix compassion fatigue or burnout How to recognize if someone you love is struggling mentally The role of student loans in psychologic distress Why younger vets are at higher risk of decreased well-being What drives the cost of veterinary care up How cyberbullying starts among vet professionals How to find mental health support as a veterinary professional Full show notes at: http://studentloanplanner.com/86 Links mentioned: Not One More Vet The Social DVM American Medical Veterinary Association BetterHelp 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

Big changes are coming to student loan servicers and I'm talking about what it means for your bottom line, your life, and your anxiety levels. I'll give you a rundown of who the new servicers are and my predictions on what will happen when they take over. I also answer listener questions about PSLF payment caps, 1099 vs W2 earnings, and what happens to your credit score after student loan forgiveness. In today's episode, you'll find out: The federal student loan program pre-2010 How the direct student loan system works now Why the government outsources student loan servicing My thoughts on the effectiveness of current student loan servicers A rundown of the five new student loan servicers Why I think hiring new servicers will be a disaster What's contributing to the 'perfect storm' in student loans Why I think the CARES Act payment suspension will be extended What to do to prepare for a servicer switch if you're pursuing PSLF How to prepare if you're not pursuing PSLF Why having a student loan plan in place now will make the transition easier My advice on why you shouldn't panic Full show notes at: http://studentloanplanner.com/85 Links mentioned: Get a student loan plan Book a follow-up consult for existing clients 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

Nicole Hatcher is a physician assistant and the personal finance expert behind Frugal Chic Life. She shares her story of becoming a PA and her experiences with racism and bias as a professional. We also talk about degree creep as a hurdle for Black people getting a college education and how to make healthcare professions more accessible to minorities. In today's episode, you'll find out: Why Nicole chose to go into the medical field Why she decided to become a PA instead of a doctor The ways being a PA is more flexible than being a doctor Where the PA profession got its start How much PA school costs The average student debt of a PA The earning potential of a PA right out of school How systemic racism shows up in healthcare Nicole's experiences with racism as a professional How degree creep is widening the racial wealth gap How Nicole is promoting financial literacy Full show notes at: http://studentloanplanner.com/84 Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Stitcher, Spotify 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 our refinancing bonuses we negotiated Book your custom student loan plan

The student loan interest freeze is set to expire on September 30. Even if Congress passes a bill to extend the relief, you'll have to start repaying your loans eventually. But there's an election coming that could change the future of student loan refinancing. Join me as I talk about what refinancing might look like after the pandemic and how the election could impact your decision to refinance your federal loans. In today's episode, you'll find out: Why common student loan repayment strategy is bad advice 3 criteria you must meet before refinancing your student loans My thoughts on whether Congress will extend the student loan payment freeze Why you should wait to refinance federal loans How to get the best interest rate now if you want to refinance later The impact of Biden's plan vs. Trump's plan on student loan refinancing Why your student loan debt is not a death sentence Plus, answers to listener's questions about student loan repayment Full show notes at: http://studentloanplanner.com/83 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

Lauryn Williams, CFP, CSLP, shares why investing in real estate might be more work than you think, how to grow passive income streams with alternative investments and tips for student loan borrowers that want to invest in real estate. In today's episode, you'll find out: How Lauryn became an accidental landlord What she learned about owning a rental property Costs people forget to include in the rental price Lauryn's bad experience with selling her rental home What return Lauryn got in 16 years of being a landlord Why people are drawn to investing in real estate The best way to grow your net worth according to Lauryn Whether student loan borrowers should invest in real estate Full show notes at: http://studentloanplanner.com/82 Links mentioned: • Coach Carson • Bigger Pockets • Passive Income M.D. • Semi-Retired M.D. Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Stitcher, Spotify 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 our refinancing bonuses we negotiated Book your custom student loan plan

Meagan Landress, CSLP and owner of Financial Coach Meagan, shares the best way to plan for the cost of undergrad and grad school, the importance of understanding how the federal student loan system works, and why you don't have to feel embarrassed or sad about how much you borrow. In today's episode, you'll find out: Meagan's advice to find the true cost of attendance What loans you can get for undergraduate school How your dependency status impacts your borrowing limit Meagan's thoughts about when to take out a private student loan Where to go to find scholarships to help pay for college How your parents can retire 2 years earlier How paying for grad school is different from an undergrad degree How your payment can be the same no matter how much you borrow Why a pre-debt plan can save you 5 and 6 figures Full show notes at: http://studentloanplanner.com/81 Links mentioned: The Scholarship System Pre-Debt Student Loan Consultation Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Stitcher, Spotify 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 our refinancing bonuses we negotiated Book your custom student loan plan

Lauryn Williams, CFP®, is one of our student loan consultants and the owner of financial planning firm Worth Winning. In this episode, we talk about the racial wealth gap, the impact it has on communities of color, and how black people are disproportionately impacted by student loan debt. Williams also shares her thoughts about how to make the financial industry more welcoming to black communities. In today's episode, you'll find out: Who Lauryn Williams is How Williams became aware of race and gender What it's like to be a black woman in the financial industry What the racial wealth gap is Why there's a gap in student loan borrowing between races Williams advice on how to closing the racial wealth gap What you can do to be more welcoming to people of color Full show notes at: http://studentloanplanner.com/80 Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Stitcher, Spotify 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 our refinancing bonuses we negotiated Book your custom student loan plan

Many student loan borrowers struggle with their mental health. If you've ever felt stress, anxiety or worry about your student loan debt, you're not alone. Student loan debt shouldn't stop you from living your best life. I can't wave a magic wand and make it all go away but, in this episode, I share some tools to help. In today's episode, you'll find out: Results of our recent student loan mental health study Why 90% of our listeners have severe student loan anxiety The top 6 things borrowers worry about because of their student loans Why borrowers are more stressed about student loans than COVID-19 How to change your outlook on student loans to reach financial milestones Why student loan interest doesn't matter Why I don't think forgiveness will go away How to buy a house with student loan debt Why you shouldn't wait to have kids because of student loans My thoughts on what the next stimulus bill will include Full show notes at: http://studentloanplanner.com/79 Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Stitcher, Spotify 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 our refinancing bonuses we negotiated Book your custom student loan plan

One of the weirdest student loan repayment loopholes that I know of is the double debt loophole. It only works for married couples, but it can change the way you think about your student loan debt. In this episode, I talk about that and 7 other loopholes we use to save you money on your student loans. In today's episode, you'll find out: What is the double debt loophole and how does it work Why the loophole doesn't work with all repayment plans Examples of the double debt loophole in action The #1 thing I tell our consultants about student loan planning Why federal student loan interest will be so low for fall 2020 and spring 2021 The 7 other loopholes our consultants use to lower your monthly payment How to know if you need a professional to analyze your student loans Full show notes at: http://studentloanplanner.com/78 Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Stitcher, Spotify 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 our refinancing bonuses we negotiated Book your custom student loan plan

As practice owners struggle to get through this tough time, I sat down with Tom Bodin, CFA, CFP®, and a Practice Integration Advisor for Buckingham Strategic Wealth. He shares how business owners can best address financial planning amid the pandemic. In this episode, you'll find out: How Bodin's background in legislative analysis helps his financial planning clients Roadblocks dentists, optometrists, veterinarians, and lawyers are facing because of COVID-19 Best ways to maximize tax savings to lower your AGI How practice owners can put away six-figures for retirement annually The importance of a cash balance plan in practice ownership Cash preservation techniques for business owners How wealth planning can help even if you're just thinking about a practice purchase Full show notes at: http://studentloanplanner.com/77 Like the show? There are several ways you can help! Subscribe on Apple Podcasts, Stitcher, Spotify 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 our refinancing bonuses we negotiated Book your custom student loan plan

Most financial experts are telling you to pay extra on your student loans right now because of the 0% interest rate through the end of September. But I think that's terrible advice! Find out why and what I think the unintended consequences will be of Congress trying to rescue borrowers amid the coronavirus outbreak. In today's episode, you'll find out: Why you should pay nothing on your student loans How you could be a victim of a strategic layoff How to lower your payment if you have private student loans Why it's okay to borrow the max amount of student loans What Congress did to make me think the tax bomb will disappear Some good news about student loan interest rates for next year What matters the most when it comes to student loan repayment Full show notes at: http://studentloanplanner.com/76

To help combat the doom and gloom that is the coronavirus, I'm bringing you some positive energy. Today, I talk with Meagan Landress, Certified Student Loan Professional™ and founder of Financial Coach Meagan, about some good news regarding student loans. In today's episode, you'll find out: How Landress has been handling social distancing The repayment plan that cut a couple's payment in half The trick to free up cash flow on student loans A strategy for student loans specifically for people nearing retirement age Why federal student loans aren't like any other type of debt How a recent grad saved $1,000 per month on her monthly payment Full show notes at: http://studentloanplanner.com/75

I did a second survey of our 20,000-plus email subscribers to find out how the pandemic and economic shut down is affecting different professions. The results aren't what I expected. Today, I'm sharing survey findings, quarantine stories from our subscribers, and an update on the CARES Act and how it might impact the future of student loans. In today's episode, you'll find out: Why the $350 million funding for PPP loans was a disaster Who I think should apply for a PPP loan if there's more funding How professions are being impacted by the economic shutdown How long survey respondents said the economy should stay closed The impact of coronavirus on dentists vs. physicians Quarantine stories from survey respondents What big changes might be coming to the CARES Act Why universities want lower interest for student loans Full show notes at: http://studentloanplanner.com/74

You might not know what to do if you're facing default or having trouble paying your student loans. Or maybe you're curious about what happens to your student loans when you stop paying. To find out that and more, I turn to two experienced student loan attorneys: Adam Minsky and Jay Fleischman. They share their best tips for dealing with student loan default and how to get help. In today's episode, you'll find out: What to do if you default on your student loans The two options you have for federal student loan default How to settle private student loan debt If the Department of Education will settle for less than you owe Whether rehabilitation or consolidation is better How default affects your credit report now and in the future How student loan default impacts forgiveness Whether bankruptcy is an option to get rid of your student loans Where to get more help if your loans are in default Full show notes at: http://studentloanplanner.com/73

Diana Care is a veterinarian for the federal government who is passionate about taking advantage of PSLF. She shares how to best take advantage of forgiveness with a job in the non-profit or government sector, why employer-paid student loan benefits are a bad idea, and reasons you might not want to pursue a career as a vet. In today's episode, you'll find out: Why vet school debt keeps growing Why veterinarian student loan debt studies are deceitful How 20% of vet school graduates don't have any student loans at all Whether a Caribbean vet school is worth the high price tag The reason to just say no to employer student loan benefits How to reach Diana if you're interested in a vet job with the federal government Full show notes at: http://studentloanplanner.com/72

In this episode, I'm getting to the truth behind the Stimulus Bill that was just passed and what it means for your student loans. Spoiler alert: It's more than a suspension of payments and interest. I'll help you cut through the noise so you can save money during this crazy time. In today's episode, you'll find out: How to take advantage of student loan payment suspension Whether you should buy stocks right now or save What the student loan payment suspension means if you're still in school Why congress is worried about pausing student loan payments The starting date for suspended payments to count toward PSLF How much cash you need in your savings account How to get a refund of your payment from your loan servicer Full show notes at https://www.studentloanplanner.com/71

Stephanie Bousley talks about how to get rid of student loan debt to live your best life in her new book Buy the Avocado Toast. This week, I talk with Stephanie about how she accumulated $300k of student loan debt while going to film school in one of the most expensive cities in the world, and how she's paying it off while living a comfortable life. In today's episode, you'll find out: Why you can't work your way out of student loan debt How having six-figures of debt doesn't make you irresponsible Stephanie's struggle with shame and secrecy about her debt Why Stephanie has refinanced her student loans 5+ times What I would have advised Stephanie if she were my client Stephanie's advice about rewarding yourself even when you have debt Full show notes at: http://studentloanplanner.com/70

A lot of people have had significant changes to their incomes as a result of the coronavirus pandemic. If you've had a drop in pay, you could get some relief by lowering your student loan payment. I sat down with our very own Meagan Landress, CSLP®, to walk you through how to recalculate your student loan payments during an economic disaster. In today's episode, you'll find out: How to lower your student loan payment without making a single phone call Which application to use to recalculate your payment immediately The documentation you need to change your student loan payment Why deferment or forbearance is a bad idea What to do if you're in default on your payments right now Whether you should refinance if you have private student loans How to get free student loan advice from Student Loan Planner Full show notes at: http://studentloanplanner.com/69

With the stock market and global economy in a state of flux, I've been getting some questions about investing and coronavirus. People are asking about the possibility of a recession. Coronavirus is a very serious concern. I'm going to help you assess whether you should invest from a rational perspective, starting with asking yourself "what does this mean for me and my family." In today's episode, you'll find out: What I think about the possibility of a recession How coronavirus compares to the Spanish flu Why the stock market fell 15% during the Spanish flu How the stock market rebounded during the 1918 pandemic What is really killing the markets right now How to protect your investments during coronavirus outbreak Whether or not you should be investing right now Full show notes at: http://studentloanplanner.com/68

Even though I can think of about 600,000 things I'd rather talk about than taxes, it's something we can't ignore. I see people all the time paying way more in taxes than they should be. Today, I'm going to help you understand what you're actually paying and why. Then we'll jump into long-term tax planning strategies and some tips on what you can do right now to lower your tax bill as a student loan borrower. In today's episode, you'll find out: What adjusted gross income (AGI) is and why it matters The difference in tax brackets if you're single vs. married How to pay $0 in taxes on investment income Ways to reduce your taxable income How business owners can add even more to their retirement savings What the breadwinner loophole is and how it can save you money Why you might consider amending old tax returns How to get more help if you need it Full show notes at: http://studentloanplanner.com/67

If you're overwhelmed by the idea of student loan interest raging out of control, this episode is for you. I sat down with our senior student loan consultant, Rob Bertman, CFP®, CFA to dig into the details about why student loan interest isn't as bad as you think. Bertman has over 15 years' experience as a financial planner and is the mastermind behind Family Budget Expert. Here's what he has to say about how interest can impact your student loans. In today's episode, you'll find out: • Why student loan interest isn't as bad as you think it is • How student loan interest works • The repayment plan that gets the government to cover some of your interest • Why forbearance is such a terrible idea • How to use an old tax return to lower your student loan payment • Why it's best to stick with an IDR plan in residency • Why consolidating right after you graduate can be a winning strategy • How the "fighting spouses loophole" can help if you live in a community property state Full show notes at: http://studentloanplanner.com/66

Jantz Hoffman is the founder of the Certified Student Loan Professional (CSLP®) designation that helps financial advisors incorporate student loan repayment planning in their practice. I invited him on the show to get his thoughts on student loan fraud and all the fake experts out there. Brief intro to episode In today's episode, you'll find out: What gave Jantz the idea for CSLP Why there's no value in falsifying student loan documents Reasons Jantz says not to be nervous about PSLF going away Problems Jantz has had with student loan services How applying for PSLF is like going to Olive Garden Why statistics in the media are wrong Full show notes at: http://studentloanplanner.com/65

Student loan reform is a hot topic with the upcoming election. I asked Student Loan Planner Consultant Lauryn Williams to weigh-in on some of what the proposed plans might mean for your student loan payment. Join me as we walk you through what the future of student loans might look like. In today's episode, you'll find out: How Bernie's "let's forgive all the debt" plan could boost the economy If a Wall Street tax would help or hurt the middle class How Warren's needs-based plan could lower your debt balance Why refinancing all student loans won't solve the problem Just how big the racial wealth divide is The huge problem with our current student loan system What you can expect to happen in the future with student loans Full show notes at: http://studentloanplanner.com/64

Student loans are complicated enough on their own. When you add student loan scams to the mix, they can be almost unbearable. That's why I'm going to cover the top 7 student loan "Travis"-ties, so you can avoid getting caught up in a mess. In today's episode, you'll find out: The most common student scams you need to watch out for The student loan scam that cost one reader over $50,000 Why parents shouldn't pay for their kids' college Questions to ask a financial advisor to test their student loan knowledge Why most school exit counseling is so terrible Why you shouldn't panic if you no longer qualify for a partial financial hardship Full show notes at: http://studentloanplanner.com/63

Free money from your employer to help pay off your loans is a great idea, right? Wrong! It could be one of the worst employee benefits ever. I'll break down how this can affect your finances and show you how employer student loan benefits are a bad idea. In today's episode, you'll find out: Why taking money from your employer for student loans is a trap How a free $100,000 can end up costing you $50,000 The tax consequences of employer-paid student loan payments The effect of employer student loan benefits on PSLF The problem with old-school thought patterns about debt Why "getting your debt to zero" isn't the best strategy How to get ahead by negotiating employer benefits Full show notes at: http://studentloanplanner.com/62

As part of our series on introducing you to new members of the Student Loan Planner team, I want to take a moment to talk with Meagan Landress. She is a Certified Student Loan Professional™ and today she's sharing her best student loan loopholes and strategies to help you conquer your student loan debt. In today's episode, you'll find out: What led Meagan to student loan consulting How "married filing separately" can lower your payment How to double-dip with the poverty line deduction What double consolidation can do for Parent PLUS borrowers The legal loophole to open up Parent PLUS loans to IDR plans Why you need a student loan plan if you live in one of these 9 states How to book a consult with Meagan to crush your student loans Full show notes at: http://studentloanplanner.com/61

We've added a new face to our Student Loan Planner team. Listen in as I interview Ben Nanney, CPA and CFP®, about the nitty-gritty on taxes and student loans. He'll give us the inside scoop on basic tax terms and dive into some more complex tax strategies for student loan borrowers. In today's episode, you'll find out: What drove Ben to launch his own financial planning firm Why AGI isn't as confusing as you think What is an above the line deduction The difference between a SEP IRA and Solo 401(k) Why Ben is a great addition to the consultant team How filing separate tax returns can benefit married couples What is the breadwinner loophole How to amend previous tax returns to get money back How to contact the best tax experts for student loan borrowers Why a community property state can lower your student loan payment The best tax strategies for high-income borrowers Full show notes at: http://studentloanplanner.com/60

Since it's the final day to purchase the Six-Figure Debt to Six-Figure Net Worth course, I want to share some tips from the course to give you some insight into my investing philosophy. I'll show you how you can manage your own investments and reach millionaire status with a strategy that only takes a few hours of your time each year. In today's episode, you'll find out: How the Student Loan Planner course can save you money Tips to give you a taste of my investing philosophy What to do instead of paying a financial advisor How tax-loss harvesting can save you $10,000 or more in taxes Why a new car every two years can cost an extra $500,000 The 3 keys to successful investing Why most people don't need a financial advisor How to manage your own investments with a couple of hours a year How my background as a CFA and bond trader led me to create this course Full show notes at: http://studentloanplanner.com/59

The Six Figure to Six Figure Net Worth Course is here! If you have a goal of growing your net worth and not letting your student loans run your life, you need to know more about this course. Join me in today's episode as I go into detail about how you can reach financial abundance in less than a decade. In today's episode, you'll find out: Why the Student Loan Planner Course is the best investment this year How to replace your reliance on labor for income to live The impact of different risk profiles of investment combinations How investing can shave 10 to 20 years off your working career When you should (and shouldn't) use a financial advisor Why working part time with $400,000 in student loans is okay Three tips to get the most out of real estate investing Hassle-free rules to maximize your retirement investing Full show notes at: http://studentloanplanner.com/58

When you graduate from college, you probably have a negative net worth from student loan debt. But is your negative net worth really the problem? Join me as I talk about ways to grow your assets through four proven strategies that can work no matter how high your student loan debt is. In today's episode, you'll find out: Why negative net worth isn't the problem The two types of accounts you should be investing in The minimum amount to contribute to investment accounts Why borrowers are putting more at risk by not taking risks What a rental debt snowball is and how it can grow your wealth The truth about negative net worth being a tax instead of a debt How avoiding bad business decisions can double your net worth Full show notes at: http://studentloanplanner.com/57

Saying student loan debt isn't that big a deal is a loaded statement. But it's true! In this episode, I talk about why your loans don't matter as much as you think they do. I also go over five common high-debt career paths and share strategies to make it work to your advantage, no matter what your income is. In today's episode, you'll find out: Why your student loans aren't what's holding you back A simple mindset shift to ease your anxiety Why going from chiropractor to physician assistant can be a smart financial move How owning a practice can increase your income and decrease your student loan payment The best career for making $50k a year while working just three days a week How private practice can be better than PSLF for physicians Full show notes at: http://studentloanplanner.com/56

Dr. Ben White is has been helping medical students, residents, other physicians, and everyone else manage their student loans since 2009. He's also and author, speaker, and board-certified subspecialized neuroradiologist. Today, I talk with Dr. White about PSLF and get his thoughts on controversial repayment strategies and the future of the program. In today's episode, you'll find out: Future changes Dr. White expects to see with PSLF Why a common sense approach to student loans doesn't work Why most student loan borrowers are on the wrong repayment plan Dr. White's thoughts on controversial repayment strategies The legal loophole for Parent PLUS loans Why a 1% acceptance rate for PSLF makes sense How the annual budget of NASA compares to loan forgiveness How to mitigate the opportunity cost of medical training Full show notes at: http://studentloanplanner.com/55

The holidays are fast approaching and I know what you're thinking: what should I get for the student loan borrowers on my list this year? In this episode, I go over the top 21 gifts that would make a big impact on the lives of student loan borrowers. In today's episode, you'll find out: Why the public library is one of the best places to hang out When to use the cash back from refinancing your loan to splurge How to turn the gift of cash from ho-hum to something memorable The best way to ask for a raise to put more money in your pocket Why getting married is a wonderful thing for student loan borrowers What games I play on my iPad while waiting on hold to talk to a real person How the gift of courage can change your life Full show notes at: http://studentloanplanner.com/54

Student loan debt is a growing problem and a hot topic in the media. I asked the Student Loan Planner community how they would solve the student loan crisis, and the results were not what I expected. Join me as I go into the details about how listeners feel about the growing problem of student loan debt. In today's episode, you'll find out: How important student loan reform is to voters What borrowers think student loan reform should look like The reason most people would opt for treating student loans like a tax Why lower student loan interest rates won't fix the problem How a student loan tax would affect retirement savings How the Biden Plan compares to the Trump Plan Why past student loan reform proposals failed Whether eliminating the tax bomb is sustainable Why the future of student loans depends on the private loan market Full show notes at: http://studentloanplanner.com/53

Savanna Perry is a Physician Assistant and founder of ThePAplatform.com, a site where she shares insider tips to help others navigate the journey to becoming a PA. Today, I ask Savanna how to pick the best program, what the requirements are to get in, and whether the cost of the program is worth it in the end. In today's episode, you'll find out: How being a PA can bring balance and flexibility to your life Why Savanna chose a public program over a private program How PA programs compare to med school The trick to go from $200k in student loan debt to $80k Whether private or federal student loans are better for PA school How Savanna was able to pay off your student loan debt so quickly Career opportunities and salary expectations for PAs Why becoming a PA is a great choice for a second career Full show notes at: http://studentloanplanner.com/52

Ryan Inman, the host of the Financial Residency podcast and founder of Physician Wealth Services, shares the biggest mistakes he's seen physicians make when it comes to student loan debt. I talk with Ryan about the state of PSLF and why hiring a financial planner isn't right for everyone. In today's episode, you'll find out: The trick to making PSLF work for physicians The real reason behind PSLF rejections Why worrying about whether PSLF will still be around isn't the biggest problem Why not everyone should work with a financial planner How a physician made a mistake that cost half a million dollars What the future of PSLF might look like The 10-step plan that Ryan uses in his financial planning business How hiring a financial planner is like working with a personal trainer Full show notes at: http://studentloanplanner.com/51

In this monumental 50th episode, I'm taking you back in time on my journey of starting this thing called Student Loan Planner. Here's the story of why I feel deeply called to helping you and others like you make sense of your finances and what I've learned over the past 3 years of working full-time in the world of student loans. In today's episode, you'll find out: Why some school are honest and others are downright profit-hungry Why colleges foot the bill for flights, hotels, meals, and more when you agree to a tour The things people put too much focus on when it comes to personal finance The only three areas you need to focus on to make your money work for you The secret I've learned to increase your savings rate What happens when you think in terms of value rather than cost What I think about the future of student loans The crucial piece that most people miss when it comes to investing The biggest worry about I have about running Student Loan Planner Full show notes at: http://studentloanplanner.com/50

Leif is well-known in the personal finance space as the Physician on FIRE. He runs a website by the same name to inspire physicians and their patients to live a life of financial independence and early retirement. In this episode, I talk with Leif about his strategy of becoming financially independent and getting the most out of your money. In today's episode, you'll find out: The trick physicians can use to create more freedom with locum tenens How to leverage your income to retire before traditional retirement age How Leif escaped undergrad with no student loan debt Leif's thoughts about pursuing loan forgiveness as an anesthesiologist How you can have a better lifestyle with student loan debt When it makes sense to consider PSLF as a physician The risk of taking over a mom-and-pop medical practice What Leif says is the best return on investment of different medical specialties The reasons people start to feel "burned out" by practicing medicine The two big things Leif chooses to splurge on Full show notes at: http://studentloanplanner.com/49

Student loan refinancing can be a big help to your financial goals. But some refi strategies can make it so you can't buy a house or start a business. In this episode, I'll talk about when a refi makes sense for you and discuss how the economy, a recession, and changing interest rates factor into your decision. In today's episode, you'll find out: What is a refi ladder and can it work for you How doing more than one refi can be a smart move The reason to refi to a longer term at a higher interest rate Why you shouldn't worry about your credit score when you refinance The risk of going with an aggressive repayment strategy How your student loans can impact buying a house or starting a business How government interest impacts the interest you pay What would happen to student loan interest rates in a recession When variable rates are a smart move in your refi strategy Full show notes at: http://studentloanplanner.com/48

Robert Berger, Deputy Editor at Forbes and author of Retire Before Mom and Dad, is passionate about helping others build financial independence. In this episode, I talk with Robert about how to plan for retirement and the seven levels you need to reach financial freedom. In today's episode, you'll find out: What "retirement" can look like for you The seven levels of financial independence Is the 4% rule still relevant? How student loan borrowers can reach financial independence What is the "money audit" and how it can help cut your spending Why cars are a financial freedom killer What retirement account is the best first step to investing Why expense ratios are a huge factor in investing How to experiment with your finances to increase your savings Full show notes at: http://studentloanplanner.com/47

There are many reasons you should start a business. Business owners tend to make more money than associates. A business owner could pay less taxes than an associate, too. Overhead is often 45% to 60% depending on the practice, which means profit would be 40% to 55% instead of 28% to 33% as an associate. I spell out all the benefits of owning a business. In today's episode, you'll find out: Why you should start a business now even if you have student loans What makes the risk of being an entrepreneur lower than you think Why a dentist probably shouldn't open a restaurant business Legal write-offs to save 50% or more in taxes Why adding your spouse to your payroll can help the business How self-funded pension plans can fuel your retirement The advantage of a fiduciary financial planner for your business Why private practice is a better choice than PSLF How your business can help your REPAYE subsidy For more information, visit the show notes at https://www.studentloanplanner.com/why-start-business/

Reese Harper, a Certified Financial Planner and founder of Dentist Advisor, specializes in financial planning for dentists. In this episode, learn his thoughts on the financial planning industry, how to be successful running a dental business and whether now is the best time in history to be a dentist. In today's episode, you'll find out: How Reese got started with his firm His thoughts on the financial planning industry Conflicts of interest in financial planning The typical wealth and income Reese sees with his dentist clients How DSOs (Dental Support Organizations) are affecting dentistry What to focus on early in your dental career Why there's a place for different business models in dentistry Why dentists have to think about the business side of things Why trust is everything in a producer-consumer relationship Reese's thoughts on a fair price for a financial planner How income and net worth impact the cost of a financial adviser Is now the best time in history to be a dentist? Full show notes at: http://studentloanplanner.com/45

Why do so many financial advisers give lousy student loan advice? In this episode, the Student Loan Planner consultants — Travis Hornsby, Justin Harvey, Rob Bertman and Lauryn Williams — discuss what to look for in a financial adviser, what leads to this bad advice and why an experienced financial adviser is key. In today's episode, you'll find out: What to look for in a good financial adviser Why financial advisers need to disclose all conflicts of interest Why Student Loan Planner isn't a fiduciary investment adviser How Student Loan Planner can provide the best cash-back bonuses Why most financial advisers aren't expert on niche topics What could lead a financial adviser to give poor advice Why paying a hefty fee for an adviser isn't always a bad thing How good information lets you make sound financial decisions Why you need to interview potential financial advisers How not having enough experience leads to bad advice Why student loan strategies are foreign for many advisers Why finding an experienced financial adviser is key Full show notes at: http://studentloanplanner.com/44

Trent and Somer are the first couple in history to both get tax-free student loan forgiveness through the Temporary Expanded Public Service Loan Forgiveness (TEPSLF) program. Learn about how they qualified, their journey to forgiveness and their advice for those looking to do the same. In today's episode, you'll find out: How much student loan debt Somer and Trent graduated with How they managed to get Direct Loans What it was like for Trent to consolidate his loans in the late-2000s. How Trent ended up with five years not counting toward TEPSLF How Somer was signed up for the wrong repayment plan When their loans went to FedLoan Servicing How changing your name can cause student loan problems Why Trent's TEPSLF was a little harder to process Trent's reaction to finding out his student loans were forgiven Somer's emotions when she saw her loans had also been forgiven Somer's thoughts on why loan forgiveness isn't just free money The steps to qualify for TEPSLF Trent and Somer's advice for those going for TEPSLF Full show notes at: http://studentloanplanner.com/43

Using the refinancing ladder strategy can help student loan borrowers get out of debt much faster. In this episode, learn how the refinancing ladder works for refinancing student loans — and how to decide if refinancing is right for you. In today's episode, you'll find out: • What is the refinancing ladder strategy? • When is refinancing a good decision? • Why you shouldn't refinance federal loans too soon • What, exactly, is student loan refinancing? • How student loan refinancing differs from other refinancing • How Student Loan Planner's cash-back bonuses work • The differences between short-term and long-term refinancing • How to calculate your payment with various loan terms • How many times do people generally refinance? • How to use the refinancing ladder strategy • Should you go with a variable or fixed rate? • How historic refinancing rates compare to the rates of today • How variable rates are calculated • Why don't more people refinance their student loans? • Why putting off your financial health is unwise • How lenders profit from borrowers who don't know to refinance • Who should and shouldn't refinance their student loans • Benefits of using the refinancing ladder with cash-back bonuses Full show notes at: http://studentloanplanner.com/42