The Importance of Being Your Own Advocate in Student Loan Repayment

Published: June 13, 2023, 5 a.m.

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Join our very own seasoned experts, Meagan McGuire, CSLP\\xae, and Lauryn Williams, CFP\\xae, CSLP\\xae, for an in-depth discussion of student loans. They explore the pitfalls of private student loans, the advantages of refinancing, and the importance of thorough research to avoid scams. You\\u2019ll be inspired by success stories from our clients, including one borrower who saved $80,000 of student loan debt and turned it into a down payment on a home. You\\u2019ll get the latest updates as Meagan and Lauryn discuss the new repayment plan that\'s on the brink of approval, how it could impact borrowers, and why rushing to consolidate loans before a refund could be a mistake. If you\\u2019re dealing with student loan debt, you don\\u2019t want to miss this episode!

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

  • About the risks and potential high-interest rates with private student loans for undergraduates
  • The process and benefits of refinancing private student loans after graduation
  • The importance of researching to find reputable refinancing companies
  • How retirement planning and HSAs can help manage student loan debt
  • An inspiring story of a client who saved $80,000 on student loan debt
  • How consolidating loans can provide a lot of flexibility and potentially be a game-changer in managing student loan debt
  • When and why to consider refinancing private student loans
  • When to start the consolidation process and why you should wait if expecting a refund
  • The challenges of securing refunds from student loan servicers
  • Potential drawbacks and "loopholes" of the new repayment plan proposal
  • How advice around refinancing may change due to the new repayment plan
  • How Public Service Loan Forgiveness (PSLF) could potentially alter your loan repayment scenario

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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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