Student Loans

Leslie and Ryan break down the jigsaw puzzle that is student loans. We talk about the different types of student loans, your mindset when approaching loans, and ways to save money on the front end. This is a must listen for anyone thinking about college or applying for student loans.

Audio Only Version

EP-39 Student LoansLife Admin
00:00 / 49:49

Show Notes


Set the table: So many options that sound so simple. But you hear about the danger later on. How and why is this? To understand it helps to know the basics about student loans. 


The types of loans

  • A little history. After WWII, through the Second Wave of feminism, to the present (and how it all may be about to change)

  • Subsidized or Unsubsidized - the interest is covered for a time, never the principal

  • Private - details depend on the institution

  • Scholarships (not really loans)


Application process

  • Universal form for federal loans, Free Application for Federal Student Aid

  • Looks at your income and assets as well as family

  • Need to fill it out every year

  • Applications to private institutions are filled out with each institution


How payoff works after you finish college

  • Typically starts 6 months after graduation

  • In general, pay off higher interest loans first. 

  • Enroll in auto pay so it leaves your account like federal withholding taxes

  • Think outside the box. Will your employer pay for a commitment to stay at the job for a specified number of years

  • Be wary of automatic forgiveness lans. Pay a min amount for 25 years and remainder forgiven. Sounds great but must pay perfectly and refile each year for those 25 years to get forgiveness. Program has low success rate. 


Closing thoughts: 

Reminder about the Money 101 formula from that early episode

60/ Sandwich Generation

Its the term for the adults still caring for children at home when their own parents care needs rise.  It can be complicated, messy and a little uncomfortable. We are here to help navigate.

59/ Birth Certificates, Passports, and Other Official Documents

Official documents are royal pains.  The timing on getting these important documents will be critical for most.  Planning and preparation is the way.

58/ Life Admin for Toddler Parents

They grow up so fast!  Your newborn is a toddler before you know it.  Leslie and Ryan discuss how to set up your toddler for success in life. 

57/ Life Admin For New Parents

Having a newborn come into the world can be a little scary.  Leslie and Ryan breakdown myths and speak from personal experience. With some funny stories along the way.