Scary Student Loan Debt & You

Did you know ❓ that you could-

• Renegotiate your student loan payments?

• Get part of your student loan forgiven, reducing your overall debt?

• Consolidate your student loans, to have only one monthly payment?

• Defer or have forbearance on student loans, if you’re going through a particularly rough time?

Mind blown 🤯

College loan debt can be financially crippling. There is hope, though! Let’s start out with some numbers (only a few, I promise!) 😊

For 2019 college graduates, average student loan debt was $32,731, with an average payment of $393, and an average income of $48,400. That’s just under 10% of your income- before taxes!- that is going to pay for your education 😵 😡

No matter how much or how little of your income is going to your student loans… what would it mean for you and your family if your loan payments were 10%, 20%, or 50% less than what they are today? What would happen to your future plans if you know you can count on that much extra in your budget every month? 😲😀

Think about that for a minute. What could you accomplish? Wouldn’t it be worth it to your future, just to take some of your precious time to ask someone about the possibilities? Of course it would be ❕

Did you know that there are 13 different student loan forgiveness programs? 😵 Each has its own rules, but there are professionals who can help you navigate these waters 👨‍💻 They can determine which program(s) you can qualify for, as well as help steering you through the process itself. (Standard disclosure- you already know this- not all programs will be appropriate for all borrowers.)

Spend a few minutes thinking about how your future could be different, if you changed your student loan debt level and/or payments 😁🌈

Now That’s Smart Money 🧐