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3313: Why Student Loans are Not “Good” Debt by Jen Hayes on Rethinking Education Loans

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Manage episode 512960855 series 3571232
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3313:

Jen Hayes challenges the common belief that student loans are “good debt,” showing how high interest, limited return on investment, and the inability to discharge loans in bankruptcy can create a lifelong financial burden. She urges students to consider alternatives, such as working and saving before pursuing a degree, and to be strategic about choosing affordable education paths with practical majors.

Read along with the original article(s) here: https://www.jenhayes.me/student-loans-bad-debt/

Quotes to ponder:

"Interest on student loans compounds, this means that the interest itself collects interest."

"Student loan debt, unlike most other forms of debt, cannot be eliminated during bankruptcy."

"Whatever you decide to do, don’t believe the lie that student loans are 'good' debt."

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3342 episodes

Artwork
iconShare
 
Manage episode 512960855 series 3571232
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3313:

Jen Hayes challenges the common belief that student loans are “good debt,” showing how high interest, limited return on investment, and the inability to discharge loans in bankruptcy can create a lifelong financial burden. She urges students to consider alternatives, such as working and saving before pursuing a degree, and to be strategic about choosing affordable education paths with practical majors.

Read along with the original article(s) here: https://www.jenhayes.me/student-loans-bad-debt/

Quotes to ponder:

"Interest on student loans compounds, this means that the interest itself collects interest."

"Student loan debt, unlike most other forms of debt, cannot be eliminated during bankruptcy."

"Whatever you decide to do, don’t believe the lie that student loans are 'good' debt."

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3342 episodes

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