Why Median & Average Student Loan Statistics Are Ridiculous

If you’ve ever been told the average student loan debt for your program or degree, this episode is for you. Join me for a Q&A followed by a discussion on why focusing on median and average student loan debt statistics is a waste of time, and why those statistics cause all kinds of problems when it comes to higher education policy.   In today’s episode, you'll find out: Listener questions about recent student loan volatility How part-time hours can qualify you for PSLF How to use strategic refinancing to repay your student loans How to get your student loan questions answered by Travis Why you probably shouldn’t expect student debt cancellation during the Biden administration Possible changes to the PSLF program in the next few years Why the average and median student loan statistic is extremely flawed How to calculate the true cost of attendance for your program of choice Why schools never disclose tuition inflation, loan fees, or interest fees Why statistics aren’t reliable Why you shouldn’t focus on student loan debt and what to focus on instead   Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan

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Travis helps you navigate the insane world of student loans, especially if you owe $20,000 to $1 million. If you've ever spent too much time on the phone with your loan servicer, this is the show for you. Every week we share tips on loan forgiveness, investing, crushing debt, and how to get to financial freedom when you owe more than most people's mortgage.