Category: Student Loans

March 5, 2019 No comments exist

By Edmund Lau, CFA, Co-Founder of FitBUX We’ve come across certain companies with questionable business practices and wanted to share our thoughts to make sure our readers don’t fall victim to these companies and their practices. There are three primary types of student loan scams: Those promising student loan forgiveness. Financial “Experts” claiming to save…

February 27, 2019 No comments exist

By Joseph Reinke, CFA, Founder of FitBUX Almost two years ago, I joined Will Boyd on the Breaking Student Debt Podcast. On the podcast, we discussed the similarities and differences between the student loan crisis and mortgage crisis.  Since that podcast, I’ve been asked numerous times what actions should be taken to solve the student…

February 25, 2019 No comments exist

By Joseph Reinke, CFA, Founder of FitBUX I often get asked why there aren’t more student loan planners that work for companies like FitBUX.  The answer is…the finance industry is very archaic. In short, the finance industry doesn’t include student loan planners because its not “traditionally” the way financial experts make money. This article takes…

February 21, 2019 1 comment

By Joseph Reinke, CFA, Founder of FitBUX When we refinance our student loans, we ask ourselves one simple question: Does refinancing save me money? The marketing geniuses at lending companies know this. That is why you see student loan refinance advertisements with big bold words saying how much an average person saves. However, as we point…

February 18, 2019 No comments exist

Joseph Reinke, CFA, Founder of FitBUX Student Loan refinancing has exploded over the past few years. I feel like I’m bombarded constantly with “Refinance Student Loan” advertisements. We’ve helped over 5,000 new grads explore refinancing.  Unfortunately, most are extremely confused about it….So I developed this extensive guide.  Also, don’t be overwhelmed. We have a free…

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…