Back in 2016, when Heather and I wrote The Millennial Money Fix, the student loan crisis was an afterthought to both Democratic and Republican presidential candidates. With the exception of Bernie Sanders, the issue failed to make it to the top of the priority list of those running. Instead, other important issues like healthcare, immigration[…]
October 2017 marked the first time that borrowers could apply for Public Service Loan Forgiveness (PSLF). The PSLF program forgives the student debt of federal borrowers who, as Ron Lieber of the New York Times writes, payed their loans the right way, worked for the right kind of employer, had the right kind of federal[…]
It’s a question so many Millennials have. I want to have a home for my family, but how can I afford to do that with student loan debt? It’s a tough question, but if you put a little work into it, you may find out that it is possible. My wife and I both have[…]
For some it’s because they can’t find a job, for others it’s to try to pay down debt and save more money. No matter the reason, many Millennials are moving back home. We’ve talked about the Millennial financial situation before so this shouldn’t be a surprise. Many Millennials are boomerang kids, meaning that they move[…]
Today, the average college graduate leaves school with more than $36,000 in loans and many Millennials are being held back from achieving their goals because of debt from their college education. And don’t think our goals are just buying avocado toast or tickets to Coachella. No. We have real goals. Big goals like starting a[…]
The statistics about student debt are staggering. 70% of 2016 college graduates had student loan debt. Americans owe a total of $1.3 trillion in student loans. We have talked about it before but when so many Millennials are affected, the impact on achieving goals can be substantial. However, I’m not here to be the party[…]
Time to show my younger Millennials some love. I am talking to you my college freshman and sophomores. If you’re like most of my high achieving clients, you made it through high school unscathed. You graduated with good grades (or honors), and did everything “right”: student council, volunteering outside of school or joining every club[…]
Monday night’s Nightly Business Report, which airs across the nation, debuted the three part CNBC special titled Millennials & Money, which I filmed back in May with Sharon Epperson. I had a brief feature in Part 1: The Biggest Financial Barriers for Millennials, but was back for Part 3: Student Debt Ripple Effect to discuss the outlook for the millennials. You can check out the[…]