financial aid

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.

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"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.

Retirement Planning and Talking College with Beth Kobliner

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We kicked things off on the latest radio show with Barbara from New York. Barbara is in the interesting position of having two financial advisors currently looking over her assets. So she’s getting different opinions from two well informed advisors. Which one should she go with? Do you really think it’s going to be that easy! Tune in to hear the outcome.

October marked the beginning of the college financial aid application season. The Free Application for Federal Student Aid, more commonly known as the FAFSA, became available for the 2018-2019 school year on October 1.

Having the college talk with your kids can certainly be a tricky and complicated situation. To help you guys out, we’re joined by bestselling author and financial literacy advocate, Beth Kobliner.

Beth’s latest project, We Need To Talk College, focuses on choosing the right college and figuring out how to pay for it.

The project focuses on four main areas:

  • Starting the conversation: Here’s where the journey begins. Starting to talk about your worries and excitement when your kid is in 9th grade gives your family time to prepare for big changes ahead. So gather around the kitchen table, or cozy up on the couch, and start talking.

  • Shopping for schools: It can be overwhelming—trying to separate higher ed hype from the truth, navigating the application process, and figuring out what your kid will actually get for all that money. Here’s how to become a super smart college shopper and create a shortlist of schools that fit your kid’s needs and your budget.

  • Paying for college: College costs have soared—but a degree is more valuable than ever. Here you’ll find all the resources you need to understand financial aid, talk to your kid about the money side of higher ed, and keep track of your progress toward paying for college.

  • Making the final choice: You’ve come a long way from that first college conversation. Now that the acceptance and award letters are in, it’s time for you and your kid to make a final decision. It can feel like a leap of faith, but never fear: Here’s where you learn how to choose a college that checks all the boxes, without losing your mind.

When you complete these four steps, it’s time to celebrate, because you did it! You have a kid on the way to college!

Have a money question? Email me here.

Connect with me at these places for all my content:

https://twitter.com/jillonmoney

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http://www.stitcher.com/podcast/jill-... 

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

We Need To Talk College with Beth Kobliner

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October marks the beginning of the college financial aid application season. The Free Application for Federal Student Aid, more commonly known as the FAFSA, became available for the 2018-2019 school year on October 1.

Having the college talk with your kids can certainly be a tricky and complicated situation. To help you guys out, we’re joined by bestselling author and financial literacy advocate, Beth Kobliner.

Beth’s latest project, We Need To Talk College, focuses on choosing the right college and figuring out how to pay for it.

The project focuses on four main areas:

  • Starting the conversation: Here’s where the journey begins. Starting to talk about your worries and excitement when your kid is in 9th grade gives your family time to prepare for big changes ahead. So gather around the kitchen table, or cozy up on the couch, and start talking.

  • Shopping for schools: It can be overwhelming—trying to separate higher ed hype from the truth, navigating the application process, and figuring out what your kid will actually get for all that money. Here’s how to become a super smart college shopper and create a shortlist of schools that fit your kid’s needs and your budget.

  • Paying for college: College costs have soared—but a degree is more valuable than ever. Here you’ll find all the resources you need to understand financial aid, talk to your kid about the money side of higher ed, and keep track of your progress toward paying for college.

  • Making the final choice: You’ve come a long way from that first college conversation. Now that the acceptance and award letters are in, it’s time for you and your kid to make a final decision. It can feel like a leap of faith, but never fear: Here’s where you learn how to choose a college that checks all the boxes, without losing your mind.

When you complete these four steps, it’s time to celebrate, because you did it! You have a kid on the way to college!

“Better Off” is sponsored by Betterment.

Have a money question? Email us here or call 855-411-JILL.

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