Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
What every CFP should knowabout clients with Student LoanDebt…                  Christopher T. Lawson                  Ch...
Who are    What do     How to                                  Resources   Q&A they?    they want?   deliver?
-37.1 million borrowers currently (FRB -NY)       - 14 million under 30       -10.6 million from 30 – 39       -5.7 millio...
-Survey results-Hope / a breath of fresh air-Other negative effects of student loan debt
-Shrink brain-Add fat to the belly-Unravel chromosomes-Depress immune system    “Chronic Stress can do something as    uns...
How can you deliver value forclients with student loandebt?
Generally my job is to:-Lower payments as far as possible (consolidate / IBR / ForgiveDefer / Forbearance)-Find extra $ fo...
Resources…      Download a free copy at:      www.FinancialEvolutionGroup.com
What Every CFP Should Know About Their Clients With Student Loan Debt
What Every CFP Should Know About Their Clients With Student Loan Debt
Upcoming SlideShare
Loading in …5
×

What Every CFP Should Know About Their Clients With Student Loan Debt

590 views

Published on

37.1 million Americans suffer from student loan debt and that number is rising each year. Student loan debt isn't like other forms of debt and the demographics of the borrowers may surprise you.

This presentation was done for a group of Certified Financial Planner practitioners to educate them on the issues facing student loan borrowers.

You will learn:
-The true scope of the student loan debt problem
-The real demographic trends of borrowers hint: 60%+ of them are over the age of 30
-The effects of student loan debt on borrowers
--Financial
--Emotional
--Physical
--Social
-The fastest way to pay off student loan debt

Published in: Economy & Finance
  • Be the first to comment

  • Be the first to like this

What Every CFP Should Know About Their Clients With Student Loan Debt

  1. 1. What every CFP should knowabout clients with Student LoanDebt… Christopher T. Lawson Chris@FinancialEvolutionGroup.com www.FinancialEvolutionGroup.com
  2. 2. Who are What do How to Resources Q&A they? they want? deliver?
  3. 3. -37.1 million borrowers currently (FRB -NY) - 14 million under 30 -10.6 million from 30 – 39 -5.7 million from 40 – 49 -4.6 million from 50 – 59 -2.2 million over 60
  4. 4. -Survey results-Hope / a breath of fresh air-Other negative effects of student loan debt
  5. 5. -Shrink brain-Add fat to the belly-Unravel chromosomes-Depress immune system “Chronic Stress can do something as unsubtle and grotesque as kill some of your brain cells.” -Dr. Robert Sapolsky, Stanford neuroscientist
  6. 6. How can you deliver value forclients with student loandebt?
  7. 7. Generally my job is to:-Lower payments as far as possible (consolidate / IBR / ForgiveDefer / Forbearance)-Find extra $ for a financial freedom payment (Exercises $200)-Rank debt pay off order (manually or spreadsheet)-Instruct client to pay minimums on all debt EXCEPT FOR-The #1 pay off priority debt– hammer that one down Progress = Happiness (momentum!) Behavior modificationPrioritize and schedule completion ofcompeting wants
  8. 8. Resources… Download a free copy at: www.FinancialEvolutionGroup.com

×