Displaying One Session

  • S. DOYLE
Regular Submission

Mastering Your Student Loans (ID 288)

Presenters
  • S. DOYLE
Session Description
Minnesota has the fifth largest average student loan debt in the country, with more than 14,000 students defaulted on their federal student loans in 2013 (the last year for which we have data). High levels of student loan debt impacts both social and economic growth for the individual and communities through decreased purchasing power when buying a home or car, inability to afford rental properties, and delays in marriage and starting families. Defaulting on student loans triggers large penalties added to balances, wage garnishments, and tax refund captures. Furthermore, borrowers who become delinquent (as well as those who have defaulted) on their payments can find their credit scores drop by 100 points or more, resulting in obstacles to finding housing, employment, receiving loans, and securing insurance. LSS Financial Counseling has helped thousands of Minnesotans understand their options and resolve issues around student loan repayment, rehabilitation, and forgiveness for over five years. Join us to learn about various loan forgiveness programs, qualifying for Public Service Loan Forgiveness, and how to choose the right payment plan to strategically pay off your student loans while reaching other financial goals.
Room
Rochester
Date
03/20/2019
Time
01:45 PM - 03:15 PM