{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"ABA Law Student Podcast","title":"Student Loans: Saving Your Future After You Leap","html":"","width":"100%","height":180,"duration":2284,"description":"If you are one of the 40 million Americans who funded their education with student loan debt, you may be asking yourself now what? The bad news: you probably can’t get out of it with bankruptcy. The good news: with over 1.3 trillion dollars locked up in American educational loans, the country has a vested interest to pave the way for repayment. So what does that mean for you? Tune in to find out.\r\n\r\nOn this episode of the ABA Law Student Podcast, hosts Fabiani Duarte and Madison Burke talk with Credible Labs founder and Slate contributor Stephen J. Dash. Together, they discuss first steps in the post-borrowing world of student loan debt.\r\n\r\nStep One: Understand Your Situation\r\n\r\nThis means you should know how much you owe and to whom. In addition, you should budget out your total earnings and total expenses.\r\n\r\nStep Two: Make a Plan\r\n\r\nBy investigating your options for repayment, you will be able to make an informed choice. Primary options like consolidation, pay-as-you-earn, and refinancing all have pros and cons. Understanding the benefits and pitfalls of each repayment program will empower you to make the right choice for your situation.\r\n\r\nStep Three: Stick to the Plan\r\n\r\nSome repayment plans allow you to make future changes. Once you decide on a repayment plan, do your best to stick with it. If your financial situation changes, communicate with your servicer to see what, if any, options are available.\r\n\r\nStudent Loan Issues Discussed In This Episode:\r\n\r\n\r\nLaw School Death Spiral\r\n\r\nLong term repayment vs. short term repayment\r\n\r\nLoan Consolidation\r\n\r\nPay As You Earn Programs\r\n\r\nRefinance Options\r\n\r\nDeferment\r\n\r\nForbearance\r\n\r\nReturn On Investment (ROI) for Education","thumbnail_url":"https://img.transistorcdn.com/qiFg9JYct4DvA3kaZPjuD9g-J2DdkxAv6LZkq0myvYQ/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8wOTg2/MjcxOTRmZGU0ZWM4/ZGM5ZWY1Njk4YjE0/YThhZS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}