Journey To Launch

036- Everything You Need To Know About Your Student Loans And How To Get Rid of Them W/ Robert Farrington

March 14, 2018

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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