This article contains all the information you need to know about Student Loan Planner, its requirements, and how to apply for it.
You undoubtedly want to know how much debt you’ll have when it comes to student loans. Of course, where you attend college and the degree you’re seeking will determine this.
It can be difficult to have any amount of debt, especially for individuals who owe a lot from graduate, medical, or legal school.
Your student loan debt repayment journey could not be the same as others’, whether it involves tens of thousands or hundreds of thousands.
Do you wish to discuss, for instance, an income-driven repayment plan?
How do you decide which approach to take when faced with a $250,000 balance?
Or, how are you going to pay it off quickly even if you don’t immediately have a large income?
That’s when some specific guidance can be helpful.
If you need assistance coming up with a strategy to pay off your loans as efficiently as possible, you may want to consider contacting a company called the Student Loan Planner.
Their consulting service seeks to help people become debt-free faster.
The services offered by Student Loan Planner aren’t exactly what we’d call inexpensive, so before signing up, read on to see if this is the perfect choice for you.
Check out also: How Does Student Loan Forgiveness in CT Work? Repayment Program
What To Know About Student Loan Planner and Reviews
In 2016, Travis Hornsby, a former bond trader and CFA, founded this company.
Since then, he and his staff of experts have helped over tens of thousands of clients pay off their student debt.
The business has saved its customers an estimated $280 million, according to their website.
Two different sorts of consultation services are available through Student Loan Planner: one is for individuals who haven’t yet incurred debt, and the other is for those who are attempting to repay it.
One-on-one consultations with either service cost a set rate, and you’ll get a comprehensive plan that’s tailored to your needs for paying off your debt after you hang up.
How Much Does It Cost?
For their advisory services, Student Loan Planner charges a one-time flat fee.
You can schedule a time right immediately, and an hour will pass during the call, during which you’ll receive a personalized strategy.
Depending on the kind of call, you’ll pay a specific amount:
- Pre-debt advice: $395
- Up to $200,000 in student loan debt: $395
- Over $200,000 in student loan debt and up to $400,000 in total $495
- Over $400,000 in student loan debt $595
You’ll get an email with an invoice for the balance owed after your consultation call is over.
Who Is This Service For in 2024?
Students who intend to pursue a degree and are aware that they will accrue a sizable amount of debt should use Student Loan Planner.
The business consults anyone who owes at least $20,000 in student loan debt, or someone who has a significant amount of debt already.
Student Loan Planner may be right for you if you need help navigating a complex issue or comparing different repayment choices.
It is best for individuals who owe a considerable sum of money, enough to cover the consulting fees plus interest, for the service to be worthwhile.
It’s a good idea to look for ways to reduce your overall tuition costs if you’re seeking a professional degree in law, medicine, pharmacy, or another similarly expensive field.
Additionally, regardless of your income level, the experts can guide you through various options or programs that can help you lower the total amount of loans you take out.
Sorting through what you could be eligible for and examining potentially conflicting facts can be highly overwhelming for high income workers.
Furthermore, it can be challenging if you have little time for research because you have a demanding job (or are seeking one that can take up the same amount of time).
Given that a Student Loan Planner has worked with hundreds of professionals, the likelihood that they have encountered someone who experienced a situation like yours is rather significant.
This means that they are likely to have the knowledge to assist you in figuring out the best strategy for paying off the potential (or present) student loan debt.
A Student Loan Planner can be useful in this situation.
You can work with them to develop the finest debt repayment strategy because they’ve dealt with so many people in situations like yours.
Should you decide to refinance, the organization also has links with private lenders, which might help lower the total amount of interest you pay.
What Makes The Student Loan Planner Team Different in 2024?
1. Expert Knowledge and Advice
When it comes to knowledge about student loans, Travis is an absolute expert.
He continues to provide excellent knowledge of the complexities of student loan repayment each week, and a lot has been learned from him.
Additionally, prior to founding Student Loan Planner, he worked as a bond trader for one of the biggest financial firms in the world.
He left Wall Street, nonetheless, to assist those who were struggling with student loans.
Travis Hornsby created the finest student debt calculator in the world in order to determine which repayment plan would be most affordable (like any normal person would).
His calculator includes more information than just the loan balance and interest rate.
It takes into account a variety of things, such as:
- relational status
- Whether you have children or not
- private or public sector(whichever you work)
The 10-Year Standard Repayment Plan, IDR, and refinancing are all contrasted in the Student Loan Planner calculator.
Additionally, it compares each type of IDR plan to inform you which one could result in the biggest financial savings.
However, this was only the beginning.
And gradually, people started to charge for his consultations.
Therefore, the Student Loan Planner was created as a result.
2. Professional Consultants
Travis had to increase the size of his consulting staff as the Student Loan Planner company grew.
His team of advisors’ CFA or CFP credentials are just one factor that makes them outstanding.
You don’t simply receive recommendations from those who identify as “experts” when you use a Student Loan Planner.
You have the opportunity to speak with a person who has spent years acquiring formal knowledge and experience in the field of finance.
3. People That genuinely care
We realize that this seems like a very individualized point.
However, It cannot be overemphasized how sincere the Student Loan Planner team is.
The crew exchanges ideas on Slack every week about how to assist people more effectively.
When they learn that readers are drowning in student loan debt, they experience genuine sadness.
And anytime they hear success tales, they become all giddy.
Therefore, interacting with people who are so passionate about their work has been a welcome change and this is what differentiates them from the crowd.
Is Student Loan Planner The Best Choice in 2024?
You can create a personalized plan to pay off your debt or make plans for how you’ll do it after graduation with the help of Student Loan Planner, a reliable business with knowledgeable staff.
Student Loan Planner is a wonderful option to consider if you want someone on your side to develop a repayment plan.
This is especially true if you’re not interested in doing it yourself or worry that you’ll lose out on money-saving chances.
There are two possible drawbacks, though.
One, following the one-time consultation, you’re on your own.
You must ask for aid if you want assistance with tasks like obtaining a better interest rate with a private lender.
The second drawback is the high cost of Student Loan Planner’s services.
You’ll have to pay more the more debt you have; are you therefore willing to spend up to $595 for an hour-long call?
Loan Planner provides these services without charge instead (yes, you read that right).
Similar to Student Loan Planner’s pre-debt consultation, you may speak with one of the staff to get a personalized plan for paying for college that includes scholarship and grant alternatives.
You will also be aware of your loan alternatives by the time your conversation with the attendant is over and you won’t be subjected to a sales pitch.
When you graduate, you’ll also be aware of your predicted student debt, monthly payments (separated by any possible debt from your parents), and payment deadlines to make sure you’re keeping up with your loans.
You will then be fully aware of what must be done to reduce your overall payment.
Due to their leverage with a student loan negotiation group, we may also assist you in obtaining the best rates from private lenders.
You can save a lot of money by doing this, whether you’re taking out a new loan or refinancing an existing one.
Benefits of a Student Loan Planner Consultation
It can be worthwhile to schedule a consultation if you have student loans totaling more than $20,000.
Below that, you might not receive enough value from a consultation and should probably just focus on paying off your debts as quickly as you can.
The more money you may save by utilizing a Student Loan Planner, the more debt you have.
Notably, they have a lot of experience working with professions that are notorious for having high student loan amounts, including doctors, veterinarians, dentists, lawyers, and many others.
Note that no student debt balance will come as a surprise to Travis and his staff at Student Loan Planner.
Moreover, the typical client they work with owes more than $260,000 in student loans!
Also, see: Guide to Student Loan Forgiveness in Indiana
In conclusion, we believe that the Student Loan Planner team knows what they are doing and they’ve got what it takes to get to the top and remain competitive.
They are assisting many people in obtaining student loan relief.
If you owe a lot in student loans, they could be able to assist you as well.
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