Oct 12, 2021
Show Notes: https://queermoneypodcast.com/podcast/lower-student-loan-payments/
On this episode of Queer Money, Howard Divorkian joins us once more. This time to explain what it means to consolidate your student loan debt and why now is a good time to do so.
He shares the difference between federal and private student loans, introducing us to the government’s Public Service Loan Forgiveness or PSLF program and describing how to lower your interest rate on bank loans.
Listen in to understand why those of you on income-based repayment plans should still check into student loan debt consolidation and find out how where to go for help navigating the process!
Topics Covered
- What it means to consolidate your student loan debt
- The difference between federal student loans and private student loans
- How people who work for nonprofits and government agencies can register to eliminate their federal student loan debt at the end of 10 years
- Where to go for help with student loan debt consolidation
- How to consolidate private student loan debt and lower your interest rate
- Why now is a good time to consolidate private student loan debt
- Why Howard doesn’t advise consolidating government and private student loans together
- How Debt.com helps you navigate the student loan debt consolidation process
- Why you should still check into student loan debt consolidation even if you’re on an income-based repayment plan or part of the PSLF program
Additional Resources
- Credit Card Pay Off Plan
- Filing for Bankruptcy on Queer Money EP226
- Debt Settlement on Queer Money EP238
- Debt Management on Queer Money EP258
- CreditWise
- Debt Free Guys on Facebook
- Debt Free Guys on Twitter
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on iTunes
- Email questions@debtfreeguys.com