Category: Student Loans

February 12, 2019 No comments exist

By Joseph Reinke, CFA, CEO of FitBUX When it comes to Federal income driven repayment (“IDR”) plans for student loans, everyone from ‘Financial experts’ to your peers have differing opinions.  At FitBUX, we have a different opinion.  We believe that all financial products have a purpose.  If used for that purpose, the financial product is extremely useful. …

February 10, 2019 No comments exist

By Joseph Reinke, CFA, Founder of FitBUX With the passage of Trump’s tax bill and tax season on the horizon, many Members of FitBUX have emailed me about the student loan interest deduction “controversy” and have asked for my opinion.  For those of you that need a quick update, you can write-off a certain portion of…

February 9, 2019 No comments exist

By Joseph Reinke, CFA, CEO of FitBUX One of the most common questions we get at FitBUX is “Should I pay off student loans or invest?” This is a complex question because each person’s goals are different and both options have advantages as well as disadvantages. This article will help those trying to find a starting point in…

February 7, 2019 No comments exist

By Joseph Reinke, CFA, CEO of FitBUX Young adults are being advised that higher education is a must for their futures. Statistics show proves this advice is indisputable. However, there is good debt vs bad debt.  What young adults should be told is, ” Just because the government is willing to write someone a blank…

February 4, 2019 No comments exist

Joseph Reinke, CFA, CEO of FitBUX We often get questions about student loan refinancing in our student loan workshops or from FitBUX members who use our student loan refinance solution.  It is easy to tell how confused students and new grads are on the subject. We dive deep in our Student Loan Refinance guide. However, this…

February 1, 2019 No comments exist

By Joseph Reinke, CFA, CEO of FitBUX Two of the top questions we get at FitBUX are: “What is student loan consolidation?” and “Should I consolidate my student loans?”  We touch on this topic in our Student Loan Repayment guide.  However,  this article digs deeper into student loan consolidation. This article covers the 4 topics you…

January 30, 2019 No comments exist

By Joseph Reinke, CFA, CEO of FitBUX Many that use FitBUX’s Student Loan Solution and have asked us about implementing Dave Ramsey’s Snowball Method for repaying student loans. This article reviews the cost tradeoff of this strategy relative to repaying your highest interest rate student loan first, an example, what not to do regardless of your…

January 28, 2019 1 comment

By Joseph Reinke, CFA When I speak to recent graduates about their student loan grace period,  I often hear two very different comments.  The first, “I want to start paying my student loans immediately so I can save money.”  The second, “I do not need to worry about my student loans because I’m in my…