Feeling Frustrated About Your Student Debt? Here’s the High Cost of Student Loan Complexity

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By Travis Hornsby. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

It’s no secret that student loan debt affects people’s lives — and not in a good way. The ever-increasing student loan debt is a major cause of frustration and stress for many college graduates in America. Why is that? Who benefits from student loan complexity? Join me as I discuss why you need to know the complexity behind student loans and who are the biggest beneficiaries.

In today’s episode, you'll find out:

  • Why you need to know the complexity behind student loans
  • How student loan complexity can benefit borrowers
  • Why student loans are as complex as they are
  • When the student loan interest rate is irrelevant
  • How borrowers overestimate the accumulated interest
  • Why student loan interest isn’t the real problem - and what is
  • How knowing the rules can give you control over your student debt
  • The myth that says you can’t control your own future
  • How your student loan balance grows with capitalized interest
  • How forbearance can double your student loan balance every 10 years
  • The one-step plan to making sure your debt doesn’t stress you out anymore
  • Why student loan debt cancellation will never happen
  • How dental service organizations profit off the high cost of education
  • The way banks profit off the system by offering private student loans
  • The role of loan servicers in student loan complexity
  • Why student loans don’t have to be scary or frustrating and what to do about it

Full show notes at: http://studentloanplanner.com/112

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Feeling helpless when it comes to your student loans?

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