Student Loans Explained: Federal vs. Private Borrowing

Student loans are one of the five most common types of debt Ryan sees in financial planning, and the choices you make before borrowing matter more than how you repay. In this episode, Ryan explains the difference between federal and private student loans, including which ones can be forgiven, and makes a strong case for thinking carefully about whether a more expensive school is actually worth the cost difference.Ryan and Aaron walk through the power of saving for education ahead of time versus financing it, showing how interest works in your favor when you save and against you when you borrow. Ryan also encourages families to consider community college, state schools, and trade schools before committing to high-cost options. This is education, not personal advice, so consult a financial professional when building your education funding plan.Find "Your Fiscal Physical" the book on AmazonIf you have suggestions or feedback, please email us at: [email protected], as always, Stay the Course!