Summary

The conversation revolves around the topic of student loans and the impact they have on individuals' lives. Crystal and Lanea discuss their personal experiences with student loans, including the emotional and financial aspects. They also touch on strategies for managing student loan debt, such as paying off high-interest loans first and investing in the stock market. The conversation highlights the challenges and frustrations of dealing with student loans, as well as the importance of considering alternative options for higher education.

Takeaways

• Taking out excessive student loans for lifestyle expenses can be costly in the long run.

• Studying abroad and the fear of debt can influence individuals' attitudes towards student loans.

• Private student loans can have high interest rates, making repayment challenging.

• Income-based repayment plans, forbearances, and deferments are options for managing student loan payments.

• Investing in the stock market can be a strategy to earn more than the interest on student loans.

• The emotional and psychological impact of student loans should be considered when making repayment decisions.

• The student loan system can have long-term impacts on individuals' financial futures.

• The availability of financial aid and scholarships can vary depending on changing regulations and circumstances.

• Considering alternative options for higher education, such as studying abroad or attending universities in other countries, can help reduce student loan debt.

• The decision to pursue public student loan forgiveness should be weighed against potential career opportunities and income potential.

Sound Bites

"I definitely could have taken out less... looking back."

"I would have rather starved to pay my tuition, than take out the promissory notes."

"I saw what happens when you take out too much in student loan debt."

Keywords

student loans, debt, interest, repayment, forgiveness, investing, emotional impact