How To Protect the Next Generation from Student Debt

Published: Oct. 19, 2021, 5 a.m.

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Today\\u2019s conversation is for the parents out there who are currently navigating the challenges of paying down student loans all while preparing their own kids\\u2019 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\\xae, and Lauryn Williams, CFP\\xae, CSLP\\xae, offer actionable strategies and tips for debt-straddled moms and dads.

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In today\\u2019s 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\\u2019s better for the whole family to have the kids be involved in conversations regarding school
  • How to handle Parent Plus Loans when you\\u2019re just a few years from retirement
  • The best money lessons Lauryn learned growing up
  • What to do if you didn\\u2019t 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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Feeling helpless when it comes to your student loans?

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