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How I Help Clients With Student Loan Debt

I work with many clients that need financial planning services, but have significant student loan debt.  We need to address the student loan issue before we can develop a plan to help them achieve their financial goals. As a Certified Student Loan Professional, CERTIFIED FINANCIAL PLANNER, and CPA, I am uniquely qualified to assist you in finding the best strategies for repayment of your student loan debt.

The starting point is a Financial Strategy Session to determine the optimum strategy for repayment of the student loans. This includes exploring the different income driven repayment plans, standard repayment plans, extended repayment plans and private loan refinancing. In addition, we look at tax strategies that can be used to obtain the lowest possible payment, and we determine if the client is eligible for public service loan forgiveness.  In addition, we look at whether consolidation makes sense. I provide a comprehensive report showing the total repayment over the life of the loan for each strategy, and also look at the tax that may be due if part of the loan is forgiven under an income driven repayment plan. 

I also work with referrals from other financial advisers that do not have the knowledge or expertise in this area. I can do a one time Financial Strategy session with their clients that only addresses the student loan issue so that they can develop a financial plan knowing that their client has chosen the best repayment plan for them.