
Episode 143
Why Median & Average Student Loan Statistics Are Ridiculous
Student Loan Planner · Travis Hornsby
August 24, 202147m 35s
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Show Notes
If you've ever been told the average student loan debt for your program or degree, this episode is for you. Join me for a Q&A followed by a discussion on why focusing on median and average student loan debt statistics is a waste of time, and why those statistics cause all kinds of problems when it comes to higher education policy.
In today's episode, you'll find out:
- Listener questions about recent student loan volatility
- How part-time hours can qualify you for PSLF
- How to use strategic refinancing to repay your student loans
- How to get your student loan questions answered by Travis
- Why you probably shouldn't expect student debt cancellation during the Biden administration
- Possible changes to the PSLF program in the next few years
- Why the average and median student loan statistic is extremely flawed
- How to calculate the true cost of attendance for your program of choice
- Why schools never disclose tuition inflation, loan fees, or interest fees
- Why statistics aren't reliable
- Why you shouldn't focus on student loan debt and what to focus on instead
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