How Parents Can Best Manage Student Loans with Erik Kroll, #216

Retire With Ryan

Did you take out a parent PLUS loan or private loan to help your kids pay for college? Are you still struggling to pay off those loans?

According to StudentAid.gov, over 9 million people over 50 have student loan debt. Of those, over 1 million have loan balances north of $100,000.

If you’re nearing retirement, the last thing you want on your plate is student debt. In this episode of Retire with Ryan, Erik Kroll shares the best way to manage student loan repayment.

You will want to hear this episode if you are interested in...

• [2:17] The different types of Federal student loans
• [5:32] Private loans versus PLUS loans
• [8:07] The forgiveness programs available
• [9:37] Student loan repayment options
• [22:40] How to start the consolidation process
• [25:48] What to do if you need help with the process

Resources Mentioned

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Student Loans Over 50
• Federal Student Loan Portfolio
• Public Service Loan Forgiveness Program
• StudentAid.gov
• Email Erik at Erik(at)StudentLoansOver50.com
• Set up a phone call with Erik at StudentLoansOver50.com

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