Avoid the Siren Songs of Student Loans

Published: March 7, 2023, 6 a.m.

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Student loans are a huge source of anxiety for many borrowers. Wondering how you\\u2019ll pay them off can feel like a weight that you have to carry around, which has led to lots of folks making unsound or unnecessary financial decisions. It\\u2019s what I call the \\u201csiren songs of student loans.\\u201d When you think back to Greek mythology, there were sirens that lured sailors to their death with their beautiful songs. Student loans can also have \\u201csiren songs\\u201d that can lure us into making big mistakes that impact our future wealth growth. In this week\\u2019s episode, I\\u2019m talking about how you can avoid the seven most common siren songs of the student loan world and why student loans shouldn\'t stop you from living your best life.

In today\\u2019s episode, you\'ll find out:

  • Why focusing on the interest rate above all else is a mistake
  • How to avoid only seeking out PSLF-eligible jobs
  • You don\\u2019t need to fixate on student loan repayment assistance
  • How to take on additional debt for school \\u2013 the right way
  • Why NOT to pay for school with cash
  • The \\u201cfalse idol\\u201d of debt-free hustle culture
  • Why you should consider leaving a job you hate, even if you still have loans

Like the show? There are several ways you can help!

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Feeling helpless when it comes to your student loans?

Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

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