For many, securing a student loan is the key to overcoming the daunting financial barriers associated with pursuing a college degree. But how do we effectively manage them, and ensure that higher education remains a stepping-stone to success rather than a burden? It’s essential to recognize that while student loans can empower you to reach your educational goals, they also come with certain challenges. These challenges can make the post-graduation transition a complex and stressful experience.
In this episode, Curio Wealth Advisors Jim Kantowski, Liz Gillette, and Stefan Revelo discuss the various types of student loans available: Subsidized Loans, Unsubsidized Loans, Private Loans, Parent PLUS Loans, and Personal Loans. They also delve into how interest accumulates and impacts the total repayment amount and discuss various programs and strategies aimed at easing the burden of student loan debt.