College Planning – Borrowing For College: What to do and what not to do.
Michael Smith and Scott Bishop spoke with Andy Josuweit, CEO of Student Loan Hero about how you should approach the financing of your or your children’s college education. In addition to talking about the FAFSA, government loans and other financing options, first and foremost, Andy tells us to not take on too much debt. In the U.S., we have over $1.2 Trillion dollars of student loan debt – second to only mortgage debt in terms of burdens to U.S. families. However, if you do take on too much debt, Student Loan Hero is there to help you with the best solutions to work your way out of the hole you have dug for yourself.
After graduating from college with 16 student loans being serviced by 4 different loan servicers, Student Loan Hero CEO Andy Josuweit, received mixed and biased student loan advice. After 3 years of dealing with unhelpful loan servicers, debt collectors, and banks, Andy decided to take matters into his own hands by creating Student Loan Hero in 2012.
Prior to Student Loan Hero, Andy was the Co-Founder and President of the website development and marketing agency Wafflehaus Media. He graduated from Bentley University in 2009 with a degree in economics.