105 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
    • 4.8 • 81 Ratings

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.

    Why The First Degree to Cost $700,000 is Worth It

    Why The First Degree to Cost $700,000 is Worth It

    Your student loan balance at the end of your program can balloon more than you thought you’d end up with. Find out how that happens, why I think America’s first $700,000 dental degree is worth it and why your student loan debt doesn’t matter as much as you think.
     
    In today’s episode, you'll find out:
     
    The hidden cost of higher education How tuition inflation impacts students How much accrued interest adds to your loan Why your loans balloon so much while you’re in school How to calculate tuition inflation using the Wayback Machine Lies admissions counselors tell you to convince you to enroll How NYU can charge $700,000 for a 4-year DDS degree Why expensive law schools, medical schools, dental schools and other professional degree programs cost so much How your student loan payment can be the same for $700k and $200k of debt When to look at student loan debt as a tax instead of a debt Why I think the tax bomb will disappear in a few years Loopholes to maximize IDR plans and pay 5% of your income

     
    Full show notes at: http://studentloanplanner.com/105
     
    Like the show? There are several ways you can help!

    Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn  
    Feeling helpless when it comes to your student loans?
    Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan

    • 40 min
    Declining Reimbursement Rates, plus What Trump's Finances Show About Student Loans

    Declining Reimbursement Rates, plus What Trump's Finances Show About Student Loans

    If you’re facing a potential salary decrease due to decreasing insurance reimbursement rates, you can start to worry about paying your student loans. In this episode, I talk about steps to take to mitigate the impact and what you can do if you’re in this situation. I also cover lessons you can learn about managing your student loans from Trump’s finances.
    Find out how to lower your tax liability and save money on your student loans using lessons from Trump’s tax records.
    In today’s episode, you'll find out:
    How Medicare reimbursement decreases can impact salaries in healthcare The ripple effect of reimbursement cuts on student loan payments How to deal with salary cuts when you have student loan debt Why I think the tax bomb won’t be a problem because it won’t be collectible How healthcare business owners might be impacted by reimbursement decreases Lessons from Trump’s finances as reported by the New York Times How to reduce your tax liability when the tax bomb comes due Why real estate is a great strategy to lower your tax liability How to get out of paying taxes on the forgiven balance of your student loans The benefits of tax-loss harvesting How to use retirement contributions to lower your tax bill Strategies business-owners can use to decrease their tax liability  
    Full show notes at: http://studentloanplanner.com/104
     
    Like the show? There are several ways you can help!

    Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn  
    Feeling helpless when it comes to your student loans?
    Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan

    • 43 min
    What President Biden Might Do to Student Loans

    What President Biden Might Do to Student Loans

    Each state is working to certify the official election results, but we have an apparent winner in President-Elect Joe Biden. Given the history of Obama-Biden student loan policies, it’s likely that we’ll see some progressive changes that could affect the future of student loans.
    Here are seven things that a Biden administration may try to achieve, and my thoughts on how that could affect the treatment of student loan debt going forward.
    In today’s episode, you'll find out:
    What a Biden administration could mean for the future student loans Why Biden might make applying for bankruptcy for student loans easier, and why it doesn’t matter What forgiveness might look like under Biden’s plan for borrowers What a compromised forgiveness expansion might look like Why reducing IDR payments could be bad for everybody How the REPAYE program was born and what that could mean for student loan reform How increasing Pell Grants could be a big win for working class or lower-income families Why eliminating the tax bomb likely won’t happen in the next 4 years How making college free would cause the cost of tuition to skyrocket Why I think Biden’s team grossly underestimated the cost of their student loan plan Will Trump extend the student loan interest and payment freeze When you should refinance your federal loans Whether you should refinance even if your interest is 0%  
    Full show notes at: http://studentloanplanner.com/103
     
    Like the show? There are several ways you can help!

    Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn  
    Feeling helpless when it comes to your student loans?
    Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan

    • 52 min
    Why Your Retirement Accounts Don't Matter Nearly As Much As You Think

    Why Your Retirement Accounts Don't Matter Nearly As Much As You Think

    People love retirement accounts.
    If I had a dollar for every time someone got excited about contributing to their backdoor Roth IRA, I would probably be a millionaire.
    While it’s great energy to have, it’s not that important to your long-term financial future. In this episode, I share my thoughts on why your retirement accounts don’t matter nearly as much as you think.
    In today’s episode, you'll find out:
    Reader question: Are student loan repayment grants worth it? Reader question: Two key differences in employer student loan programs Reader question: Can you prepay or make lump sum payments for PSLF? Why backdoor Roth IRAs aren’t as great as you think My shocking confession about backdoor Roth IRAs When retirement accounts actually DO matter Why age 50 is a key milestone in your retirement plans Why retirement accounts can’t help you if you want (or need) to retire early How to use a brokerage account as a financial safety net What to do if you want to be financially independent How low-income individuals can reach early retirement Why you shouldn’t optimize every financial decision  
    Full show notes at: http://studentloanplanner.com/102
     
    Links mentioned:
    StudentAid.gov PSLF guidelines
    Physician on Fire guide to backdoor Roth IRAs

     
    Like the show? There are several ways you can help!

    Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn  
    Feeling helpless when it comes to your student loans?
    Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan

    • 39 min
    5 Biggest Risks To Your Finances Post-Election

    5 Biggest Risks To Your Finances Post-Election

    With the election looming, we’re all anxious about what might happen. And with that, a public service announcement: If you haven’t voted, please go vote! Regardless of who wins, there are risks to your finances post-election. I’m sharing the five biggest risks that you should pay attention to - and how to overcome them - once the election season is over.
    In today’s episode, you'll find out:
    How candidate policy changes could impact your finances Why you shouldn’t worry about finishing your education How going back to school can help you financially How professional credentials can boost your career Why getting more education is key to financial success Why inflation might not be a bad thing How to know if now is a good time to buy a house How to use low inflation to your advantage as a renter What might be coming down the pipe for student loan reform Why I think the tax bomb will go away in the next four years When to refinance no matter what happens with the election Why financial setbacks won’t matter that much in 2021 How to make better decisions to minimize the financial impact of political leaders Full show notes at: http://studentloanplanner.com/101
     
    Like the show? There are several ways you can help!

    Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn  
    Feeling helpless when it comes to your student loans?
    Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan

    • 37 min
    What Will Happen to Student Loans After the Election?

    What Will Happen to Student Loans After the Election?

    For this milestone 100th episode, I’m joined by all four consultants. Because we’re just one week away from the election, I’m talking with them about the election and what we expect could happen to your student loans regardless of who wins the 2020 presidential election.
     
    In this episode, you'll find out:
    A recap of Travis’ paternity leave Travis’ preferred brand of diapers for his new baby The difference between a “trip” and “vacation” when you’re a parent The probability of there being a “blue sweep” How the Biden plan could impact student loans going forward Bipartisan support that we’ve seen during stimulus discussions How long we think the payment and interest freeze can last Will the consultants get a COVID vaccine when it’s released The impact of inflation of your financial life and spending plans The role of gambling and trading cards in the pandemic  
    Full show notes at: http://studentloanplanner.com/100
     
    Like the show? There are several ways you can help!

    Subscribe on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn  
    Feeling helpless when it comes to your student loans?
    Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan

    • 41 min

Customer Reviews

4.8 out of 5
81 Ratings

81 Ratings

jkb123! ,

Giant Refund on a Big Mistake

Travis saved me a lot of money! I put 6k towards my student loans last month with some money that fell into my lap because I was intending to refinance my fed loans. After spending time looking at Travis’ excel spreadsheet with my partner, we decided that staying on PAYE made more sense for us so I was real bummed about that 6k I dropped. On a recent episode, Travis mentioned we can request a refund on any payments made within 90 days - hallelujah! I got all that money back and put it right into a brokerage (which I learned about in his investing course). So pumped I found Travis and this podcast - he has saved me lots of money and headaches trying to figure this all out!!!

FInomenal Phone ,

Loved the conversation about the racial wealth gap

Love the podcast and especially appreciated the recent episode with Lauryn Williams. She’s amazing!

These conversations around racial inequality are so important. Thank you for including the stats and studies to really being the disparity into focus.

Keep up the great work!

Teresa D. L. ,

Great show!

I look forward to listening to your podcast every week. It helps to keep me on track with my student loan plan and to know that there are many other people in the same situation as myself. Thank you for providing such valuable information. I recommend your show to all my friends that have student loans.

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