Student Loan Debt Solutions with Ben White

There’s an ongoing student loan crisis that we face. Many students finish college with massive amounts of student loan debt who then spend decades trying to pay it off. Today, we will discuss how the borrowers can get out of their student loans or reduce them with interesting strategies that you might not know about from our guest, Ben White.

Ben is a neurologist based in Texas. He is also a big fan of student loan education and has written a couple of books around this topic. Ben is no stranger to the student loan system as he utilized it himself. 

[00:01 – 02:54] Opening Segment

• I talk briefly about great values that await you in this episode
• I introduce the guest, Ben White
• Kyle gives a bit of background about himself
  • Neurologist based in Texas
  • A big fan of student loan education (written a couple of books about the topic)

[02:55 – 11:56] The Student Loan Crisis

• Kyle gives us an in-depth look at the current student loan crisis
  • The current estimated amount of student loans in the US is at $1.7-Trillion
  • How student loan works
  • Getting worst overtime
  • The average student loan debt med school students have

[11:57 – 28:29] Student Loan Debt Solutions

• Kyle talks about how borrowers can deal with their student loan debts
  • Understand that it's a loan and you need to pay it back
  • Figure out if there is a way to get your loans 'forgiven' through the PSLF Program
  • Get a job that qualifies to be 'forgiven'

• How can we fix the system?
  • Kyle explains ways how we can improve the student loan system
  • Make schools accountable for tuition

• The impacts of the 'new normal' of the educational system

[28:29 – 34:44] Closing Segment

• Quick break for our sponsors
• What is the best investment you've ever made other than your education?
  • Marrying my wife.
• What is the worst investment you ever made?
  • Buying my first house in med school.
• What is the most important lesson that you've learned in business and investing?
  • The most important thing is to start paying attention and do your best.
• Connect with Ben. See the links below.

Tweetable Quotes:

"It's never too early to take your head out of the sand with your personal finance." – Ben White

"I think once you make the choice to start paying attention, to start being proactive in your decision making, it never stops. The most important thing is to start paying attention and try to do your best." – Ben White

You can connect with Ben through his website https://benwhite.com/. Grab a free copy of his books at https://www.benwhite.com/studentloans/. Follow him on Twitter @benwhitemd.

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