If you’re overwhelmed by the idea of student loan interest raging out of control, this episode is for you. I sat down with our senior student loan consultant, Rob Bertman, CFP®, CFA to dig into the details about why student loan interest isn’t as bad as you think. Bertman has over 15 years’ experience as a financial planner and is the mastermind behind Family Budget Expert. Here’s what he has to say about how interest can impact your student loans.
In today’s episode, you'll find out:
• Why student loan interest isn’t as bad as you think it is • How student loan interest works • The repayment plan that gets the government to cover some of your interest • Why forbearance is such a terrible idea • How to use an old tax return to lower your student loan payment • Why it’s best to stick with an IDR plan in residency • Why consolidating right after you graduate can be a winning strategy • How the “fighting spouses loophole” can help if you live in a community property state
Full show notes at: http://studentloanplanner.com/66