Q&A
Asked by Michael
Answered by Pamela J. Horack, , CFP®PRO+ in Lake Wylie, SC
Hi Michael! I'm a huge fan of paying off debt as soon as possible. You can't build your finances up if you are busy filling in a hole of debt. Make a plan to focus all...
Q&A
Asked by Greg Weber
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi - Student loans can be consolidated, but you can't mix and match private loans and federal loans in the same consolidation package. Like any "loan re-do" the plac...
Q&A
Asked by Joseph
Answered by Kate Holmes , CFP®PRO+ in Las Vegas, NV
Hi Joseph. That depends on the type of loans. If they're all federal, you can use a Direct Consolidation Loan: https://studentloans.gov/myDirectLoan/consolid ationPape...
Q&A
Asked by Yunas
Answered by Kate Holmes , CFP®PRO+ in Las Vegas, NV
Hi Yunas. It's up to each person how much and what kind of debt they acquire. One of the things I highlighted in "The Millennial Next Door: How To Be Financially Succe...
Q&A
Asked by Abdul Aseez
Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA
You should find your answer in Millennials Blame Student Debt for Poor Retirement Saving . Please let us know if you have any follow-up questions.
Q&A
Asked by Steffanie
Answered by Steve Stanganelli , CFP®, CRPC® in Amesbury, MA
There are all sorts of strategies that you can employ to reduce potential college education costs. For every family these options will differ. Part of it depends on w...
Q&A
Asked by Meredith L
Answered by Charlie Donaldson, MBA in Newark, DE
Meredith, Great question. Know that you are no alone in this concern. There are thousands of people who are struggling to pay their student loan bills. Dependi...
Q&A
Asked by Meredith L
Answered by Paul Carag, Financial Adviser in Renton, WA
Hi Meredith, ultimately, this should be answered by a CPA with experience in these issues so I would encourage you to reach out to one. However, what I'm seeing in my ...
Q&A
Asked by Victor
Answered by Charlie Donaldson, MBA in Newark, DE
Great question about student loans and their rate and terms. The best rate/terms will be from the government. Direct loans are 4.29% (Up to $3,500 per year can b...
Q&A
Asked by Elaine
J
Answered by Jay
There's no such thing as the Obama student loan. What you're thinking of is income based repayment or Pay-As-You-Earn, which brings federal student loan payments to a ...
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