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HerMoney with Jean Chatzky

Bonus Mailbag #17: College, Education And Student Loans

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.71.5K Ratings

🗓️ 28 December 2019

⏱️ 22 minutes

🧾️ Download transcript

Summary

In this Mailbag-only episode, Jean advises a woman who co-signed for her daughter’s student loans and is now struggling to repay the debt. We also hear from a woman whose ex is refusing to help with their kids’ tuition. Jean also guides a listener on how the 529 accounts she has for her nieces might impact their ability to get financial aid, and what to do with those accounts before they head to college. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an airwave media podcast.

0:04.0

Her money is sponsored by Fidelity Investments.

0:07.0

We want you to feel confident. Her money is sponsored by Fidelity Investments.

0:13.0

We want you to feel confident about investing

0:16.0

so that you can make your money work just as hard as you do.

0:19.0

Learn the ropes, without the jargon, at fidelity.com

0:22.0

slash demand more. without the jargon at fidelity.com

0:23.0

demand more.

0:24.8

Her money comes to you through PRX. Hey everybody it's Jean Chatsky.

0:37.0

Thanks so much for joining us today for a special mailbag only episode of her money, Catherine Tuggle and I have been going

0:46.1

through our inbox tackling all of your questions. We're having a good time aren't we?

0:51.1

Absolutely I love this. I do too and I'm especially

0:54.4

excited about the fact that today we are going to dive into some of the questions

0:59.9

that our listeners have submitted around college and student loans.

1:05.0

Today we know there are 45 million student loan borrowers out there and they owe a collective $1.5 trillion. That is just huge. The

1:18.4

average amount owed by recent college grads with debt is close to $30,000.

1:25.0

That is a huge, huge burden.

1:29.1

But the best way to face these debts,

1:32.1

to face these fears head on is with some knowledge and so we are

1:37.1

going to dig in and see if we can help.

1:39.8

I think this keeps so many parents up at night because they know that if they can help

1:45.8

their children avoid debt they want to do that?

...

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