college debt

CBS This Morning: Student Loan Debt

Almost two million Americans will graduate this year with a bachelor’s degree, but each student will have an average student loan debt of more than $33,000. I joined CBS This Morning to offer tips on what college grads and their families need to prioritize, and how it's "dangerous" for parents to dip into their own funds to help their kids pay down debt.

Beware the Parent PLUS Loan

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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.

Have a money question? Email me here.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

CBS This Morning: Financial Aid 101

The deadline for students to commit to a college is next Wednesday. For many, figuring out financial aid is a key part of the process. I joined CBS This Morning to discuss how your family can get the best financial aid plan, as well as Democratic presidential hopeful Sen. Elizabeth Warren's proposal to eliminate tuition at public colleges.

Have a money question? Email me here.

Simpler, Smarter Student Loans

On the latest episode we’ve got 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.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/

https://twitter.com/jillonmoney

https://www.facebook.com/JillonMoney

https://www.instagram.com/jillonmoney/

https://www.youtube.com/c/JillSchlesinger

https://www.linkedin.com/in/jillonmoney/

https://www.stitcher.com/podcast/jill-on-money

https://apple.co/2pmVi50

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

I'm Drowning in Student Loans

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We kick things off this week with Daughter of the Year candidate Jessica from New Jersey. In addition to trying to make sure she’s doing all she can for her own retirement, Jessica is also trying to help out her father.

Next up was Megan from North Carolina, who like many others out there, is drowning in student loan debt. Is there anything she can do or will she be stuck with it for the foreseeable future?

The email marathon carries on in hour two as we inch closer and closer to the end of March.

Have a money question? Email me here.

Connect with me at these places for all my content:

https://www.jillonmoney.com/

https://twitter.com/jillonmoney

https://www.facebook.com/JillonMoney

https://www.instagram.com/jillonmoney/

https://www.youtube.com/c/JillSchlesinger

https://www.linkedin.com/in/jillonmoney/

https://www.stitcher.com/podcast/jill-on-money

https://apple.co/2pmVi50

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

College Award Letters are Confusing and Misleading

College Award Letters are Confusing and Misleading

The amount of outstanding student loans has more than doubled over the past decade. Part of that explosion has to do with tuition, fees and costs growing faster than the rate of inflation. But it’s clear that another factor is that many families had no way of discerning exactly what they were signing up for in the first place.

How to Fund College

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We’re kicking things off this week with John from North Carolina who is trying to figure out the best way to fund college for his two kids.

His financial advisor is currently pitching him a product that will make your head spin. When the head is spinning, it’s usually not a good sign, so I’m glad John picked up the phone and gave us a call.

More emails in hour two as we near the end of March. Progress is being made! Only to be derailed by the summer vacation schedule :)

Have a money question? Email me here.

We love feedback so please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/

https://twitter.com/jillonmoney

https://www.facebook.com/JillonMoney

https://www.instagram.com/jillonmoney/

https://www.youtube.com/c/JillSchlesinger

https://www.linkedin.com/in/jillonmoney/

https://www.stitcher.com/podcast/jill-on-money

https://apple.co/2pmVi50

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Is College Worth It?

Is College Worth It?

The college admissions bribery scandal has raised an important question: Is college worth it? According to the Social Security Administration “Men with bachelor's degrees earn approximately $900,000 more in median lifetime earnings than high school graduates. Women with bachelor's degrees earn $630,000 more.” But that “wage premium” varies depending on which college you attend.

CBS This Morning: Student Loan Debt

Student loan debt is a huge problem for many graduates and their families. College students graduate with an average debt of more than $28,000. Nationwide, student debt topped $1.5 trillion at the end of 2018. I joined CBS This Morning to discuss what people need to consider before taking on student loan debt.

Have a money question? Email me here.