REDUCING STUDENT DEBT

November 2, 2015
Hosted by Jordan Goodman

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Episode Description

John F. Wasik just finished his 15th book, How to Eliminate College Debt at Every Step (Forbes). Student debt is a national crisis growing worse. And not all colleges are worth it. The name-brand schools are just not doable for most students. The less glamorous but well accredited and highly-endowed schools offer the best opportunity. But four-year colleges are not for everybody either. Many community and commuter colleges are excellent places to start. Online colleges are iffy at best, but those called distant learning centers require some form of on-campus presence and mutual communication, are accredited, and worthwhile. Private schools cost more but may be more generous with scholarships and other benefits. State 529 Savings Plans and Prepaid Tuition Plans and The Uniform Gift to Minors Act are excellent programs, but all have restrictions. Stafford Loans are federally guaranteed and subsidized and have flexible terms. Applicants must complete the FAFSA form, which is dreaded for its complexity. But John Wasik himself recently engaged it in his daughter’s behalf and said it wasn’t that bad. Nice words from the author of 15 books on the subject. Website: johnwasik.net, email:johnwasik@gmail.com

The Money Answers Show

The Money Answers Show

Monday at 12 Noon Pacific Time on VoiceAmerica Business Channel

Do you need directions to a solid financial future? If so, The Money Answers Show with Jordan Goodman will provide you with a roadmap to making smart money decisions in every area of your personal finances. Join Jordan every Monday at 12 PM/PST 3 PM/EST for The Money Answers Show, on the VoiceAmerica Business Channel. Learn how and where to get the best deals on mortgages, cars, and insurance; find out the best ways to save for college and retirement, get out of debt, improve your credit rating, and save on your taxes. The Money Answers Show with Jordan Goodman will provide you with great tips on investment opportunities in real estate, stocks, annuities, and other investment vehicles. That’s The Money Answers Show with Jordan Goodman on the VoiceAmerica Business Channel, every Monday at 12 PM/PST.

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Jordan Goodman

Jordan Goodman

Jordan Goodman has a mission: to help everyone do better with money. Since graduating the Columbia University School of Journalism in 1977, he has spent the past 32 years combing the country to find the very best ways to help consumers make and save money and then sharing these gems with the public. As a staff writer/reporter at MONEY Magazine for 18 years, a weekly commentator on NBC News at Sunrise and Public Radio’s Marketplace Morning Report, and through his 12, soon to be 13 highly respected books, and his website www.moneyanswers.com, he has provided useful, common-sense information to the public. Some of his better-known books include Fast Profits in Hard Times, Everyone’s Money Book, the Dictionary of Finance and Investment Terms and Master Your Money Type. Jordan is a rare combination: someone who possesses not only encyclopedic knowledge about every area of personal finance but also a passion for helping his listeners not only to get educated but to take action to help their dreams become realities.

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