Student Loan Series #7: Strategies for Lowering Your Student Loan Debt

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Here we address creative ways to mitigate the pain of student loan debt if you're finished with college or have already taken on debt.

Here we address creative ways to mitigate the pain of student loan debt if you're finished with college or have already taken on debt.

In this episode:

  • Review on previous student loan hacks [1:00]

  • It might not be possible to leave school completely debt free, but the goal is to minimize debt [4:00]

  • Most 4-year universities are required to accept 2-year or community college credits [8:30]

  • What to do if you’ve been in school for a few years and already have debt [9:00]

  • “What can I do to reduce debt?” should be your new mantra [13:00]

  • A little known secret, major student loan debt hack [15:00]

  • What to do if you plan on working for a non-profit or government agency out of school [18:30]

  • Tax status hacks for married couples [21:30]

  • Employers who help with student loan debt [24:00]

  • Do you sacrifice while in school or after? [26:30]

  • Possible living situations [30:00]

  • How a college degree allows you to engage in and benefit from capitalism [37:30]

  • Why it’s crucial to be honest with yourself about your financial position [42:00]

  • When you have less debt you are able to make better decisions [43:00]

  • The sacrifices must come but you choose if it’s today or long into tomorrow [46:00]