Make student loans work for you
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 10 November 2023
⏱️ 17 minutes
🧾️ Download transcript
Summary
Student loans don’t have to be scary, you can make them work for you! This week, “Financially Inclined” host Yanely Espinal sits down with content creator Carmen Perez to dig into all the details of understanding the lingo, reading the fine print and making a budget so you can stay on top of your loans.
Here are some additional helpful resources:
- Go to the Federal Student Aid site to find resources, calculators, definitions and everything else you need to get started on your student loan journey.
- Find more information on Pell Grants here.
- Get your FAFSA questions answered with this NerdWallet guide.
Are you in an educational setting? Here’s a handy listening guide.
This podcast is presented in partnership with Greenlight: The money app for teens — with investing. For a limited time, our listeners can earn $10 when they sign up today for a Greenlight account at http://ww.greenlight.com/inclined.
Transcript
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| 0:00.0 | Hey Parents and Teens, this episode of Financially Enclined is presented in partnership with Green Light, |
| 0:07.0 | The Money Up for Teens with Investing. |
| 0:09.0 | Today's episode is about student loans, something many of us will likely need and often the subject of so much debate in the news. |
| 0:17.0 | Before thinking about student loans, it's important to nail down the basics of managing your money. |
| 0:22.0 | How? With green light. You can start |
| 0:24.9 | earning and saving money today so when you may need to consider student loans |
| 0:29.1 | you're already in a really great financial position and it's not so scary after all. |
| 0:35.0 | For limited time, our listeners can get $10 when they sign up today for a greenlight account |
| 0:40.0 | at greenlight.com slash inclined. That's greenlight.com slash Inclined. |
| 0:42.8 | That's Greenlight.com slash Inclin'E. |
| 0:48.0 | I got sued for my student loan of $30,000 and this doesn't happen to everyone but essentially I was |
| 0:55.9 | defaulted while I was a full-time student in school and kind of ignored all of the |
| 1:01.1 | notices that I was getting I thought it was a clerical error, got a |
| 1:04.7 | knock on the door, got a piece of paper that said, Queens County Court summons, and that essentially is the start of a lawsuit. You have to answer to a complaint. |
| 1:13.5 | And basically, the student loan provider |
| 1:16.0 | was suing me for my student loan. |
| 1:17.5 | And that is how my journey and money began. What's up everybody? I'm Janelle L |
| 1:35.6 | Spinal and welcome to Financially inclined for Marketplace. We're sharing money |
| 1:39.9 | lessons for living life your own way. I am so excited to have my good friend |
| 1:44.8 | Carmen Perez sharing her story about student loan debt because it's definitely a |
| 1:49.1 | unique story. Now to be clear getting sued by your student loan provider is not something that's very common, |
| 1:55.6 | so there's no need for you to be stressing out about this. In Carmen's case, she actually got a lawyer, |
... |
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