Summary: Join host, Dr. Cliff and Special Guest Adam Carroll as Align Your Practice helps you understand and create clarity on your financial leadership and vision. In Episode 42 of Align Your Practice, host Cliff Fisher is joined by financial expert and special guest, Adam Carroll, to discuss the intricacies of student loans and how chiropractic students and professionals can effectively manage their student loan debt. Together, they'll explore various aspects of student loans, from different types to repayment strategies. Key Discussion Points: The differences between federal and private student loans, and how they function. Cliff and Adam will provide an overview of federal loans, such as Direct Subsidized and Unsubsidized Loans, and discuss private loans offered by banks and other financial institutions. How borrowers can choose the most suitable repayment plan for their unique financial situation. The duo will cover various repayment options, including standard, graduated, extended, and income-driven plans, and provide guidance on selecting the best plan. The available options for loan consolidation, refinancing, or forgiveness. They will delve into the pros and cons of each strategy and discuss scenarios where borrowers might benefit from these options. Strategies for avoiding default on student loans and what to do if struggling with payments. Cliff and Adam will offer advice on how to handle financial hardship, such as reaching out to loan servicers, exploring deferment or forbearance options, and seeking professional help. Tips for managing student loans while still in school or during the grace period. They will share practical suggestions on budgeting, limiting borrowing, and understanding the long-term implications of student loans. Join Cliff Fisher and guest Adam Carroll in Episode 42 of Align Your Practice as they share valuable insights and advice on understanding and managing student loans, empowering chiropractic students and professionals to take control of their financial future. How to bring this into your culture and your life to create the alignlife. Do you feel like you have struggles or challenges in these areas, this episode will help you understand and fill in the gaps and create the life and practice of your dreams.
