Episode 00 Who is the FIT Institute and What do We Do Rose McConnell

Americans have a one track educational model which assumes that all people should go to college directly after high school. This has proved disastrous for many indebted young people. This episode is designed to help you plan what to do when you graduate from high school.

00-Min 1             Financial Institute Training: Understanding the impact of student loan debt on the debtor Min 1                   Rose McConnell is an attorney. Developed interest in debt following 2008 financial crash. Min 2                   Interest rates at historic lows. Takeaway: they will go higher! Min [2:43]              Creditors expect to be repaid and educational debt…

Show Notes Summary Min 1                   The application is free, but that doesn’t mean the student aid is free Min [1:15]             This podcast offers information about student loans and doesn’t constitute legal advice Min 2                   Colleges use the FAFSA to calculate each family’s expected contribution (the “EFC”) Min 3                   Each family should assess its own…

Private scholarships may be less valuable than you think since colleges often reduce the amount of grants you would have received by the amount of scholarship funds you receive. Your financial aid package may be different sophomore year than it is freshman year. College readiness is more than academic readiness.

Learn about the dangers of Parent PLUS loans. Just say no. You can't afford them and neither can your student.

Episode 05 Why Your Student Loan Probably Won’t Be Forgiven Minute [1:30] We need to talk about Public Service Loan Forgiveness (PSLF) because so many people go into debt believing they will not have to repay their debt in full. This is not correct. Creditors expect to be repaid. Minute [2:30]:  There are some loans that…