Student loans can financially cripple students as they prepare to enter the real world. But it seems that more and more we’re hearing about parents also being burdened with ridiculous amounts of student loan debt.
Why is this happening? You can thank the Parent PLUS Loan, something that Barry from New Jersey is unfortunately very familiar with.
In hour two we’re sticking with the student loan theme as we’re joined by David Klein and Kelly Peeler from CommonBond, a company that positions itself as a place for simpler, smarter student loans for a brighter future.
While taking out loans for business school, co-founder David found himself asking a lot of questions: Why is the process so confusing? Why is the customer service so bad? Why are the interest rates so high? Isn’t there a better way for people to borrow for school?
Turns out he wasn’t alone as figures now show that students in the U.S. are struggling to pay down over $1.5 trillion in debt.
CommonBond was founded in 2012 to help relieve that burden, and since then have funded over $2.5 billion in better student loans. Their approach is no big secret: lower rates, simpler options, and a world class experience, all built to support you throughout your student loan journey.
Kelly and David firmly believe that student loans should be for fulfilling your dreams, not emptying your bank account. They’re helping you get there by lowering the cost of school and simplifying the process with no more stressful applications or being treated like an account number.
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.