A Simple Way to Lower Student Loan Debt Before or After College

Whether you have to pay off private student loans or you want to get a head start on when federal student loan payments resume, here are a few ways you can lower your student debt.

The Supreme Court ruled Friday that the Biden administration overstepped its authority in trying to cancel or reduce student loans for millions of Americans.

The 6-3 decision, with conservative justices in the majority, effectively killed the $400 billion plan, announced by President Joe Biden last year, and left borrowers on the hook for repayments that are expected to resume by late summer.

The court held that the administration needs Congress’ endorsement before undertaking so costly a program.

The majority rejected arguments that a bipartisan 2003 law dealing with student loans, known as the HEROES Act, gave Biden the power he claimed.

“Six States sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree,” Chief Justice John Roberts wrote for the court.
Justice Elena Kagan wrote in a dissent, joined by the court’s two other liberals, that the majority of the court “overrides the combined judgment of the Legislative and Executive Branches, with the consequence of eliminating loan forgiveness for 43 million Americans.”

Loan repayments are expected to resume by late August under a schedule initially set by the administration and included in the agreement to raise the debt ceiling. Payments have been on hold since the start of the coronavirus pandemic more than three years ago.

Don’t You Leave College with $25,921 to $151,000 in Debt?

You do not need to spend 2 years + $100k and have $25K to $!00K in Colete Debt to Earn an MBA-Job Income of $100K+ Income?

Average Student Loan Debt After College

As of March 2023, the total amount of student loan debt was approximately $1.78 trillion  , and according to EducationData.org, there are 45.3 million borrowers in the country.

That means there are a lot of us trying to understand and navigate the student loan landscape. How much are we borrowing? And what can we do to decrease the amount we owe?

As earlier mentioned, The College Board  found that cumulative debt levels upon graduation — meaning the debt students had accumulated over the four years of undergrad — was $29,100 per borrower for those graduating in 2021 (the latest stats available). And in 2020 – 2021, 54% of graduates carried student loan debt.

College debt is one of the most crippling financial burdens young people face today. What’s more, nearly 40% of student loan borrowers don’t finish their degree within six years. That’s according to the Hope Center for College Community and Justice. So they end up with thousands of dollars in student debt and no degree to show for it.

Leaving college without a degree is common. According to the National Center for Education Statistics, only 62% of students graduate from college with a bachelor’s degree within six years. The remaining 38% of students often withdraw due to cost, family responsibilities or other factors.

If you drop out of school, you won’t earn a degree, but you still may have substantial education debt.

An MBA degree comes with the draw of increased salaries, career opportunities, and job security. But no earnings guarantee.

Average MBA starting salary data does vary across surveys. The National Association of Colleges and Employers (NACE) Winter Salary Survey projected a lower average MBA starting salary of $87,966.

According to Payscale a Master of Business Administration (MBA) Degree in 2023 earns $96k/ year Avg. Base Salary (USD)

[https://www.payscale.com/research/US/Degree=Master_of_Business_Administration_(MBA)/Salary]

 US News & World Report calculated an average starting salary to be $95,370 base salary and $105,684 including bonuses.

The Forté Foundation’s analysis of MBA salaries found that graduates earned a more generous average between $133,511 and $144,956 within two years of leaving their program. https://www.coursera.org/articles/mba-degree-salary

Why Go in College of $100K Debt to Earn a Job Income of $100K+ ?

Master’s degree costs can range from $30,000 to $120,000, according to Education Data Initiative data from November 2022.

In 2023, according to EducationData.org, the average cost of an MBA is $61,800 in the United States. Harvard Business School costs $115,638.…and that is just for a single person attending. If you have a family, it is more.

Thankfully, you do not have to spend anywhere near that much both in money and time to earn a Hugh income in life.

Will an Extra 30k-75k, on top of what may you currently earn eliminate your college debt and change your life a little bit?

We have put together something special for you. It is helped countless people develop the skills and advantages to THRIVE as an entrepreneur.

Since 1955, we’ve helped 100’s of thousands of people all over the world develop the skills they need to be successful in business.

We’ve distilled it down into one income earning program and cut away all the distractions and waste that’s keeping you from your dream business. Interested?

Is Your Todays Income Cutting It Assessment

• Are You Taking Ownership of Your Future Finances Today? Yes: __ No: __

• Will an Extra 30k-75k, on top of what you currently earn change your life a little bit? Yes: __ No: __

Financial literacy is the ability to understand and effectively use various financial skills, including personal monetary management, budgeting, and investing.

When you are financially literate, you have the foundation of a relationship with money, and it is a lifelong journey of learning. The earlier you start, the better off you will be, because education is the key to success when it comes to money.

• Do you have a minute to discuss your financial future with us? Yes: __ No: __

We are sure you are super busy, and so we want to make sure you do not miss something important and time sensitive.

• Do You have these two goals-Achieving Financial Freedom and a Dream Retirement. Yes: __ No: __

We know that in this economy and especially if you follow the old rules of money, the ability to live your dream retirement is getting TOUGH. The truth is that 401(k) accounts are not cutting it.

Social Security is just a drop in the bucket of what you need. Uneducated folks are going to be shocked at how far away their dreams really are when they hit retirement. But those who take action and figure out how to solve this puzzle are the ones who will see those dreams come true. Because it is a problem you can figure out.

• Do You Want to Achieve Financial Freedom and a Dream Retirement? When?

• Do You Know What You Are Truly Worth? Yes: __ No: __
• Are you being paid for that? Will it pay off all your bills? Yes: __ No: __

• Will an Extra 30k-75k, on top of what you currently earn change your life a little bit? Yes: __ No: __ What will you do with the money?

• If we help you, will you build a business so you can achieve your financial or retirement goals within 2-5 years? Yes: __ No: __
• Would you like to connect this coming week and talk about it? Yes: __ No: __
• If yes, contact me now. Get all the details. Start now to lay the foundation for a fun year.

Conclusion

Making seemingly impossible things happen in any area of your life or business is our specialty. Over 25,000 achievers have now used MKS Master Key Coaching and Systems, the world’s #1 systems, for self or business improvement. We’re grateful for this year and opportunity to serve you. 

Let’s make the year extraordinary, together.

We personally believe this is the best way forward if you are looking for a Breaking Through Your Upper Limits. This is for people who have a dream or desire to be financially independent and are willing to put in the hard work to do so.

Wishing you prosperity and success. Remember You Were Born To Win!!

Michael Kissinger and Sydney Reitenbach

Phone: 650-515-7545

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