Student Loans have become the single most concerning financial issue with young people and the millennial generation. Whether you signed the dotted line with full knowledge of what happens when you take on student loans or you unknowingly signed your life away for a college degree, the debt must be satisfied in some way.
Robert Farrington of TheCollegeInvestor.com led the charge last month with the Student Loan Movement. He discusses the challenge and answers the following questions from Joe:
- When are student loans a good idea?
- What should people look at when deciding to refinance student loans?
- What’s better: Invest or pay off student loans first?
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Today’s guest, Robert Farrington:
Robert Farrington went to college and found his peers were oblivious to personal finance and investing. He founded The College Investor to help educate people about the dangers of debt and the importance of investing at a young age.
In March 2018 he launched the Student Loan Movement, a month-long challenge to encourage people to pay down their student loan debt. The total debt eliminated as of the date of this release is over $1.4 million! Check out the totals some of the participants paid off here: https://thecollegeinvestor.com/student-loan-debt-movement
Links to Robert’s resources:
The College Investor Audio Show
The College Investor on Facebook
Joe Saul-Sehy | Money in the Morning
Doug Goldstein | Goldstein on Gelt
Linda P. Jones | Be Wealthy and Smart
Miranda Marquit | Student Loan Hero
For a quick bio of each of our show participants, head on over to our panelists’ page.
Send us your questions for a future Listener Letters episode
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