Coronavirus: Student Loan Options

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 14 May 2020

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

One of the hardest hit industries during the pandemic has been the student loan landscape. Difficult to understand in the best of times, things may now be even more confusing. To help us navigate the murky waters, we're joined by David Klein, CEO and co-founder of Commonbond, a company that positions itself as a place for simpler, smarter student loans for a brighter future. CommonBond was founded in 2012 to help relieve the burden that is student debt, and since then have funded $4 billion in better student loans. Their approach is no big secret: lower rates, simpler options, and a world class experience, all built to support you throughout your student loan journey. If you're on the fence when it comes to refinancing, use their simple, interactive guide to help you understand the impact of the recent federal student loan relief programs and how to take advantage, if you need to. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money, Corona virus Market update.
0:08.0	This is our daily dose of information to help you navigate these trying times if you have a question and
0:16.7	you really need some help please do not hesitate that is why Mark and I move this
0:22.3	podcast to a daily podcast. We wanted to make sure we answered your questions.
0:28.0	Email us, Ask Jill at Jill on Money.com. You can always go to our website, Jill on Money.com. You can always go to our website Jill on Money.com. There we have a contact button.
0:37.6	Today we are focusing on student loans and we are delighted because I totally nudge people, these poor people that actually are unsuspecting.
0:49.4	I called David Klein, he is the boss at Common Bond, which is our friend in finance.
0:56.3	Basically, they say it's simpler, smarter student loans for a brighter future.
1:00.0	And I just was asking him how things were going and then boom I have wrangled you into a
1:05.4	podcast so David thank you so much for joining me today absolutely thanks for
1:10.3	having me okay so let's get down to this.
1:13.7	It's graduation season.
1:15.2	It's sort of disheartening, but let's move up beyond that.
1:18.3	The federal government has waived the payments on federal student loans until September 30th.
1:27.4	David, what happens after that time?
1:30.7	What happens after September 30th
1:32.2	is that the federal relief currently in place
1:34.6	that allows people to essentially press pause on any and all of their payments at
1:40.0	least on the federal loans held by the federal government.
1:43.2	You know, what happens after September 30th is folks need to start paying their loans again.
1:49.0	There are some folks who even during this period of federal relief
1:53.8	still need to keep paying their loans because either one,
	...

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