036- Everything You Need To Know About Your Student Loans And How To Get Rid of Them W/ Robert Farrington
Journey To Launch
Jamila Souffrant
4.9 • 1.7K Ratings
🗓️ 14 March 2018
⏱️ 39 minutes
🧾️ Download transcript
Summary
Student loan debt is one of the biggest concerns of college graduates in America. Robert Farrington, the Student Loan Debt Expert, is helping readers from all over the nation to better understand the process of student loan repayment with his blog, The College Investor.
Robert was always passionate about investing and making money but when he identified a need amongst his peers to share more about student loans, he changed the course of his finance blog to educate borrowers. Robert was able to pay off more than $42,000 in student loan debt over the course of 3 years and he's sharing his methods with college grads all over the nation to encourage them to do the same. In fact, this month, he is working with others in the financial influencer community to inspire followers to collectively pay off $1 million or more of student loan debt. You can find more information about this movement in the links below.
(Also, YNAB, my favorite budgeting app is giving Journeyers a 2-month free trial, no credit card required to try their amazing budgeting system, check it out here!)
In this episode, we talk about:
- The significance of paying an additional $100 on student loan debt
- How earning more income is key to getting rid of debt
- The importance of investing in your future while paying on student loan debt
- Federal loan repayment and debt forgiveness programs
- Student loan consolidation vs. refinancing
- When it is appropriate to only make minimum payments and when to make extra payments
- Things to consider while applying for student loans
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Other related blog posts/links mentioned in this episode:
- Join the Student Loan Debt Movement
- The College Investor's Email Course for Journeyers
- Studentloan.gov
- Public Service Loan Forgiveness Program Info
- How We Saved $169,000 in 2 Years With the Help of This Budgeting System
- Join The Weekly Newsletter List
- Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
- Watch me on News12 Watch my latest segments on News12
- My One on One Money Coaching Services – Get my personalized 1on1 money coaching expertise to help you reach your financial goals
- YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link.
Connect with Robert on:
Connect with me:
- Journey To Launch Instagram
- Journey To Launch Twitter
- Journey To Launch Facebook Page
- Join the private Facebook Group
Transcript
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| 0:00.0 | You're listening to episode 36 of the Journey to Launch Podcast. |
| 0:05.0 | Everything you need to know about getting rid of your student loan debt. |
| 0:09.0 | T-minous 10 seconds. |
| 0:11.0 | Welcome to the Journey to Launch Podcast with your host |
| 0:14.7 | Jamila Sufrant as a money expert who walks her talk. |
| 0:18.8 | She helps brave journeyers like you, get out of debt, save, invest, and build real well. |
| 0:25.0 | Join her on the journey to launch to financial freedom in |
| 0:29.0 | in five, four, three, two, one. |
| 0:35.0 | Hey, hey, guys, |
| 0:40.0 | welcome back to another episode of the Journey to Launch Podcast, episode 36. |
| 0:48.0 | This episode we're going to be talking about a topic that a lot of you have been asking for. I get questions on this all the time and it is probably |
| 0:57.8 | the bane of your existence if you still have it. Hmm, what could the topic be? Well, student loans. Student loans have been such a |
| 1:08.2 | source of angst and annoyance and just problems for a lot of you guys and at one point it wasn't |
| 1:16.9 | necessarily a problem but it was a hindrance for me too it was a debt that I had |
| 1:21.0 | that I got rid of and I'll talk about my little student loan debt payoff |
| 1:24.9 | story soon, but I wanted to get someone on the podcast who can talk specifically to student loan |
| 1:32.0 | debt and how we can pay that off, how you can pay that off on your |
| 1:37.0 | financial freedom journey because listen, debt payoff is like one of the first steps and the quicker you get out of debt, even |
| 1:45.4 | student loans, no matter how large they are, the more you can then focus on building real wealth, you can focus your money on investing. And it's one of those things |
| 1:56.7 | where in our societies today, so many of us were not given the tools on how to make the best decisions to go to college and how to spend money in school and as a result a lot of you guys have graduated with a lot of debt and really don't even have necessarily the job or the income to show for it, to show for the price of that college education. |
| 2:20.0 | And some of you have very maybe high education degrees, doctors, lawyers, and so your |
| 2:27.8 | student loan debt is tremendous already. |
... |
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