In this episode of the Financially Fit Couple podcast, host Matthew Gray, a certified financial planner, speaks with Mackensie Ellis from Grad Fin about financing Education through student loans. The discussion covers key points such as the difference between federal and private student loans, the application process, and various repayment and forgiveness options.
The episode also delves into upcoming changes to student loan programs, refinancing strategies, and how Grad Fin provides free consultation services to help borrowers navigate these complex topics. The conversation aims to empower listeners with the knowledge needed to make informed decisions about managing student loans.
00:00 Welcome to the Financially Fit Couple
00:38 Introducing Mackensie Ellis and the Topic of Student Loans
01:28 Mackensie's Journey into the Student Loan Space
04:27 Understanding Federal vs. Private Student Loans
08:23 Navigating the FAFSA and Loan Options
16:20 Grad Fin's Role in Student Loan Consultation
19:00 Exploring Student Loan Forgiveness Options
28:04 Understanding Recertification Dates
29:29 Repayment Options Overview
31:02 Income-Driven Repayment Plans
40:07 Changes in Repayment Plans
46:02 Refinancing Private Loans
51:19 Grad FIN's Free Consultation Process
53:40 Conclusion and Disclosures
Resources:
Understanding the One Big Beautiful Bill Act (OBBBA): What You Need to Know | Laurel Road
One Big Beautiful Bill FAQs – Gradfin – Achieve your financial goals
Public Service Loan Forgiveness | Federal Student Aid
Income-Driven Repayment Plans | Federal Student Aid
Matthew Gray
https://www.linkedin.com/in/matthew-gray-cfp%C2%AE-5a2144134/
Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC
