money: All About Student Loans

Student Loan Debt has you down and out? Talk about a rat race! If you're not making enough money to pay back your (or your child's) astronomical student loan debt, you want to tune in to today's show. Join Amy from amyleo.com for this special episode with Student Loan Lawyer Joshua Cohen as we talk about all things student loans. In this episode, we will talk about: -the difference between federal loans vs. student loans -how to determine your best payment plan option to suit your unique situation -the basics of interest, APR, and APY -other ways to finance college besides taking out private student loans -student loan forgiveness programs -debt consolidation pros and cons -why it's important to know what capitalization is and why you don't to miss 9 payments If you have the good fortune to listen to this before you take out any student loans, you will be way ahead of the game. And for the rest of us that are dealing with the reality of student loan debt, you still don't want to miss this show! Check out Joshua's website: http://thestudentloanlawyer.com for many more student loan resources and to get in touch with him. Resources Federal Financial Aid Website: www.FAFSA.gov To get an idea of what your student loan payment will be: www.cfpb.gov *Use an amortization calculator to estimate student loan payments Department of Education Website: https://www.ed.gov *To check to see if your job qualifies for loan forgiveness for working in an underserved areas. Employer Certification Form, send it in, to see if your payments count towards loan forgiveness. Other things we mentioned in today's show *The Public Service Loan Forgiveness program is a federal program that assists those working in public service jobs, such as nonprofits, and offers that the remainder of the loan will be forgiven after 120 payments, or 10 years, of on-time regular payments and full-time paid work. Click here for some things to be aware of: https://www.forbes.com/sites/robertfarrington/2015/01/12/the-dangers-of-student-loan-forgiveness/#1559a2072283 🌿 Mindful Money <-- Amy's new exciting intiative to reduce stress, shame, and overwhelm...think retreats, trips, one-on-one chats where we start to make money fun-ish together 📺 YouTube  🎵 Spotify <-- Amy Leo also writes and creates uplifting songs 👀