Title:Graduation Debt: How to Manage Student Loans and Live Your Life
Focus:Post Graduation Life
Series:Grad CareerFestival
Presenter:Reyna Gobel
         

Graduation Debt: How to Manage Student Loans and Live Your Life

Webinar Overview

Graduation Debt: How to Manage Student Loans and Live Your Life

Your job search is NOT the most important thing you should be doing right now. You have more career choices when you can afford your student loans. Thus, according to Reyna, one of the first things you should address in your post-college year is to refinance your student loans. Beforehand, you need to borrow smartly to get the best repayment plans and lowest interest rates.

Reyna is an expert on the latest strategies that will save you thousands of dollars! You need to act on her advice immediately!

She’ll discuss when you should choose federal student loan consolidation and repayment plans, when to refinance privately, and when to borrow privately versus federally.

The three most important strategies she’ll discuss:

 1) Choose a lender with career services help. She was shocked when she recently found out private lenders CommonBond and SoFi offer career services with their loans. Thus, not only will the student or former student get invited to happy hour networking events, but also get individual career counseling and CommonBond will even help borrowers directly find their next job.

2)  Never choose private loans if you could qualify for Public Service Loan Forgiveness. Many jobs with nonprofit companies, with the government, or for public service employers have a federal benefit where the remaining balance on your federal student loans will be forgiven after 10 years of on-time payments.

3) Choose private lending with low interest rates to borrow graduate school loans, parent loans, and refinance higher interest student loans. These kind of federal student loans have higher rates than subsidized and unsubsidized federal student loans.

Presenter: Reyna Gobel

Reyna Gobel, M.B.A. and M.J., is a journalist, author and professional speaker who’s been quoted by Money Magazine, Real Simple, and The Washington Post, where Michelle Singletary chose the first and 2nd editions of “CliffsNotes Graduation Debt” as financial book of the month. She’s a guest educator for the Institute for Financial Literacy and was an advice columnist and curriculum development specialist for iGrad, a financial literacy organization that provides a video and written course materials on financial literacy and repaying student loans to over 300 colleges and universities. You can submit a question to her by tweeting her @reynagobel or emailing reyna@graduationdebt.org.