The Perils of Student Loan Debt (HS)
ACE Kids K-12 / High School/College Prep -
Students and families should be concerned about the implications of student loans for higher education planning. Student loan debt is unlike any other—it’s extraordinarily difficult to discharge in bankruptcy, standard consumer protections have been legislatively removed from it, the U.S. government can garnish your Social Security benefits if you default on it, you generally can’t refinance it, and 18-22 year olds can borrow tens of thousands of dollars in minutes without any credit history or collateral. Yet there’s an (unwarranted) assumption that students “need” to take out student loan debt for their college plans. This class will educate you about student loan debt and why you don’t necessarily have to take it on and focus on why financial considerations should be primary in your higher education plans.
Jarod Bloom is the Principal of Sechrest & Bloom, LLC, an intellectually driven, knowledgeable, and disciplined CPA and wealth management firm in Acton, MA. Jarod specializes in tax planning and tax return preparation for individuals, businesses, and trusts & estates, including providing accounting and bookkeeping services. Jarod is also an independent, fee-only financial planner who takes an educational, responsive, and guiding approach in working with clients. Jarod attended Boston University and has the CPA (Certified Public Accountant) and CFP (Certified Financial Planner) designations.