Jan 19, 2021
It’s no secret that student loan debt affects people’s lives — and not in a good way. The ever-increasing student loan debt is a major cause of frustration and stress for many college graduates in America. Why is that? Who benefits from student loan complexity? Join me as I discuss why you need to know the complexity behind student loans and who are the biggest beneficiaries.
In today’s episode, you'll find out:
- Why you need to know the complexity behind student loans
- How student loan complexity can benefit borrowers
- Why student loans are as complex as they are
- When the student loan interest rate is irrelevant
- How borrowers overestimate the accumulated interest
- Why student loan interest isn’t the real problem - and what is
- How knowing the rules can give you control over your student debt
- The myth that says you can’t control your own future
- How your student loan balance grows with capitalized interest
- How forbearance can double your student loan balance every 10 years
- The one-step plan to making sure your debt doesn’t stress you out anymore
- Why student loan debt cancellation will never happen
- How dental service organizations profit off the high cost of education
- The way banks profit off the system by offering private student loans
- The role of loan servicers in student loan complexity
- Why student loans don’t have to be scary or frustrating and what to do about it
Full show notes at: http://studentloanplanner.com/112
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