Category: Student Loan Repayment

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 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…

October 3, 2018 No comments exist

By Joseph Reinke, CFA, CEO of FitBUX $95,000-$20,000 = $0 (?!) This call that I just had with a FitBUX Member (we’ll call him Jim) and his loan servicer (we won’t name the loan servicer for legal reasons but let’s call them Ted Loan Servicing or Ted Loans for short) is by far the worst…

August 20, 2018 1 comment

By Joseph Reinke, CFA CEO of FitBUX We all want to repay our student loans faster or save for the down payment on our dream house. While these are great aspirations, one has to look at the entire picture to make the optimal decision(s). For instance, students and new grads sometimes only look for jobs…

July 30, 2018 No comments exist

By Joseph Reinke, CFA, CEO of FitBUX At FitBUX, we often hear of stories from new Members who were either provided incorrect information by their student loan servicer or are extremely confused by what they’ve been told. This article is one example of a FitBUX Member who has Fed Loans and how they misinformed her… The…