The Free Retiree Show

S1 EP81: How to Deal with Student Loan Debt: The Smart and Effective Way with Atty. Joshua Cohen

September 8, 2021

MONEY MANAGEMENT EDITION  

 

Society tells us that to be successful, you must go to a university. If you obtain a degree from one of the top universities, you’re sure to land a great job at a prestigious company, and all your financial worries will quickly disappear. These are the myths that many individuals believe. However, after college grads land their first big job out of college, they quickly realize that the money goes towards paying down debt rather than building their wealth and future. 

 

According to the recent data from the U.S. Department of Education, about 42.9 million Americans have federal student loans, which means about one in eight Americans carry around student debt. The total outstanding debt is roughly 1.59 trillion dollars. 

 

Not only does it put you behind in your path to financial freedom, but it also has a lot of psychological effects. People can feel trapped, crushed, and hopeless that they’ll never pay off hundreds of thousands in student loan debt.

 

For Attorney Joshua Cohen, there is a more effective way to deal with your student loan debt. He has been seen on Fox News, Bloomberg TV and is the author of The Student Loan Lawyer’s Guide to Understand the Student Loans in Plain English

 

Today’s episode will be filled with great information to make fresh grads, current students, and parents understand the best way to deal with student loan debt. Hosts, wealth manager Lee Michael Murphy and career advisor Sergio Patterson tune in to this week’s episode of The Free Retiree Show.

 

To get the episode, show notes, and share links, please go to our podcast page. Thank you for sharing our podcast.

 

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