student loan consolidation

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#288 New FAFSA Date: Oct 1

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Kelly Peeler, the founder and CEO of NextGenVest is back on the show to discuss the NEW FAFSA availability date--October 1st! Considering that families leave $2.7 billion of unclaimed financial aid on the table, primarily because they don’t complete the FAFSA form, Kelly says it is important not to procrastinate! Her team at NextGenVest can help students make smart decisions around paying for college in an accessible way. One way they do so is to provide a "Money Mentor" (trained college students) for every high school or college student, who can make the process of applying for college and getting aid much easier…Just TEXT 646-798-1745 “I want help paying for college”

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NextGenVest will send you the list of documents that you need to assemble and will help you come up with your specific list of financial reach and safety schools. Kelly also explains that Financial Aid and applications are two separate tracks and details what families need to know about the merit aid/grant/loan process. Here are various sources of college money:

  • Family savings/income
  • Federal Grants: do not have to be repaid (Pell Grant-awarded annually, so you have to complete FAFSA every year)
  • State Aid: TAP – access for in state
  • Fed/State/Direct/PLUS loans
  • Institutional grant from a specific college
  • Private scholarships
  • HELOC/Private loan

After graduation, you can go to student.ed.gov to learn about repayment options for federal loans and you can also check out the private student loan refinancing market from companies like SOFI, Common Bond or Earnest.

Check out Kelly’s TED Talk!

Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here's how to contact us:

  • Call 855-411-JILL and we'll schedule time to get you on the show LIVE 
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#234 Leap with Tess Vigeland

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Never let a correction ruin a great radio show! Our listeners did not seem at all spooked by the recent market gyrations, but did have some great questions. Mandy and her husband are accumulating cash and want to know what to do with it and Sharon needed advice for her daughter, who is carrying $200,000 of student loan debt.

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We were fortunate to have a very special guest on the show, Tess Vigeland, author of "Leap: Leaving a Job with No Plan B to Find the Career and Life You Really Want". Tess tells her fascinating story and offers advice to those who may only be able to hop, skip or jump...

Thanks to everyone who participated this week, especially Mark, the Best Producer in the World. Here's how to contact us:

  • Call 855-411-JILL and we'll schedule time to get you on the show LIVE 
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#163 Paying for College, Life Insurance Sales Tricks

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It's a long weekend for many financial markets across the world. To celebrate, we focus on big picture planning issues, like paying for college, avoiding the barrage of life insurance sales tricks and saving for retirement.

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Sharon is juggling debt pay down, retirement savings and saving for college, while Joel asked about refinancing his student loans. As a reminder, if you have federal student loans, you can find information about loan consolidation here.

Dan and his wife are adjusting to a lower income and trying to determine the best mix of retirement funds, while Matt and his wife spoke to a NAPFA advisor, who recommended consolidating investment accounts. His question: which company to keep?

Have you ever heard about something that sounds too good to be true? Marie asked about product that is essentially a life insurance product under a new, slick marketing wrapper. BEWARE!

We are always open to constructive criticism, which is why we spent time discussing complaints from a couple of listeners.

Thanks to everyone who participated and to Mark, the BEST producer in the world. If you have a financial question, there are lots of ways to contact us:

  • Call 855-411-JILL and we'll schedule time to get you on the show LIVE