69 episodes

Travis helps you navigate the insane world of student loans, especially if you owe $50,000 to $1 million. If you've ever spent too much time on the phone with your loan servicer, this is the show for you. Every week we share tips on loan forgiveness, investing, crushing debt, and how to get to financial freedom when you owe more than most people's mortgage.

Student Loan Planner Travis Hornsby

    • Careers

Travis helps you navigate the insane world of student loans, especially if you owe $50,000 to $1 million. If you've ever spent too much time on the phone with your loan servicer, this is the show for you. Every week we share tips on loan forgiveness, investing, crushing debt, and how to get to financial freedom when you owe more than most people's mortgage.

    Getting relief on your loans during economic disaster

    Getting relief on your loans during economic disaster

    A lot of people have had significant changes to their incomes as a result of the coronavirus pandemic. If you’ve had a drop in pay, you could get some relief by lowering your student loan payment.
    I sat down with our very own Meagan Landress, CSLP®, to walk you through how to recalculate your student loan payments during an economic disaster.
    In today’s episode, you'll find out:
    How to lower your student loan payment without making a single phone call Which application to use to recalculate your payment immediately The documentation you need to change your student loan payment Why deferment or forbearance is a bad idea What to do if you’re in default on your payments right now Whether you should refinance if you have private student loans How to get free student loan advice from Student Loan Planner Full show notes at: http://studentloanplanner.com/69

    • 55 min
    Coronavirus, Asymmetric Bets, and Your Questions

    Coronavirus, Asymmetric Bets, and Your Questions

    With the stock market and global economy in a state of flux, I’ve been getting some questions about investing and coronavirus. People are asking about the possibility of a recession. Coronavirus is a very serious concern. I’m going to help you assess whether you should invest from a rational perspective, starting with asking yourself “what does this mean for me and my family.” In today’s episode, you'll find out: What I think about the possibility of a recession How coronavirus compares to the Spanish flu Why the stock market fell 15% during the Spanish flu How the stock market rebounded during the 1918 pandemic What is really killing the markets right now How to protect your investments during coronavirus outbreak Whether or not you should be investing right now Full show notes at: http://studentloanplanner.com/68

    • 38 min
    Tax Guide for Student Loan Borrowers

    Tax Guide for Student Loan Borrowers

    Even though I can think of about 600,000 things I’d rather talk about than taxes, it’s something we can’t ignore. I see people all the time paying way more in taxes than they should be. Today, I’m going to help you understand what you’re actually paying and why. Then we’ll jump into long-term tax planning strategies and some tips on what you can do right now to lower your tax bill as a student loan borrower.
    In today’s episode, you'll find out:
    What adjusted gross income (AGI) is and why it matters
    The difference in tax brackets if you’re single vs. married
    How to pay $0 in taxes on investment income
    Ways to reduce your taxable income
    How business owners can add even more to their retirement savings
    What the breadwinner loophole is and how it can save you money
    Why you might consider amending old tax returns
    How to get more help if you need it

    Full show notes at: http://studentloanplanner.com/67

    • 53 min
    Your interest is not nearly as bad as you think

    Your interest is not nearly as bad as you think

    If you’re overwhelmed by the idea of student loan interest raging out of control, this episode is for you. I sat down with our senior student loan consultant, Rob Bertman, CFP®, CFA to dig into the details about why student loan interest isn’t as bad as you think. Bertman has over 15 years’ experience as a financial planner and is the mastermind behind Family Budget Expert. Here’s what he has to say about how interest can impact your student loans.

    In today’s episode, you'll find out:
    • Why student loan interest isn’t as bad as you think it is
    • How student loan interest works
    • The repayment plan that gets the government to cover some of your interest
    • Why forbearance is such a terrible idea
    • How to use an old tax return to lower your student loan payment
    • Why it’s best to stick with an IDR plan in residency
    • Why consolidating right after you graduate can be a winning strategy
    • How the “fighting spouses loophole” can help if you live in a community property state

    Full show notes at: http://studentloanplanner.com/66

    • 55 min
    Avoid Fraud and Fake Experts with Jantz Hoffman

    Avoid Fraud and Fake Experts with Jantz Hoffman

    Jantz Hoffman is the founder of the Certified Student Loan Professional (CSLP®) designation that helps financial advisors incorporate student loan repayment planning in their practice. I invited him on the show to get his thoughts on student loan fraud and all the fake experts out there.
    Brief intro to episode
    In today’s episode, you'll find out:
    What gave Jantz the idea for CSLP Why there’s no value in falsifying student loan documents Reasons Jantz says not to be nervous about PSLF going away Problems Jantz has had with student loan services How applying for PSLF is like going to Olive Garden Why statistics in the media are wrong
    Full show notes at: http://studentloanplanner.com/65

    • 1 hr 2 min
    Election Hot Takes with Lauryn Williams

    Election Hot Takes with Lauryn Williams

    Student loan reform is a hot topic with the upcoming election. I asked Student Loan Planner Consultant Lauryn Williams to weigh-in on some of what the proposed plans might mean for your student loan payment. Join me as we walk you through what the future of student loans might look like.
    In today’s episode, you'll find out:
    How Bernie’s “let’s forgive all the debt” plan could boost the economy If a Wall Street tax would help or hurt the middle class How Warren’s needs-based plan could lower your debt balance Why refinancing all student loans won’t solve the problem Just how big the racial wealth divide is The huge problem with our current student loan system What you can expect to happen in the future with student loans
    Full show notes at: http://studentloanplanner.com/64

    • 58 min

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