How To Protect the Next Generation from Student Debt
Student Loan Planner · Travis Hornsby
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Show Notes
Today's conversation is for the parents out there who are currently navigating the challenges of paying down student loans all while preparing their own kids' future. Do you actually have a solid plan to protect your kids from the massive debt burden you left school with? Listen in as our consultants Molly Laughter, MBA CFA, CFP®, and Lauryn Williams, CFP®, CSLP®, offer actionable strategies and tips for debt-straddled moms and dads.
In today's episode, you'll find out...
- How just $25/month can make a big difference
- What is a 529 plan and how it can help with college savings
- 529 savings vs. a prepaid plan and how to choose
- How grandparents, friends, and others can gift money to a 529
- Using community college to save on college costs
- Why it's better for the whole family to have the kids be involved in conversations regarding school
- How to handle Parent Plus Loans when you're just a few years from retirement
- The best money lessons Lauryn learned growing up
- What to do if you didn't grow up with great money messages
- Why paying down your loans as fast as possible might not be the smartest strategy for you
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