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Episode 113: Student Loans Hacks – Little-Known Ways to Save Thousands in Interest with Travis Hornsby

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My Guest on the Show…

 

Travis Hornsby is the founder of StudentLoanPlanner – a website and community where thousands of people are saving millions of dollars in student loan interest payments.

Travis’s passion for this started when his physician wife was facing massive amounts of student loan debt and he started researching the most efficient ways to pay them off and how to take advantage of the programs the government has available (but forgets to tell us about).

Since starting Student Loan Planner in 2016, Travis has met with over 1,000 to help them pay off over $300 million in student loan debt and save over $60 million in interest payments.

I haven’t met anyone who knows more about the ins and out of student loans and how to ensure you’re paying them off in the most efficient way possible. In fact, there were a few things Travis mentions in our interview that I had never realized was even a possibility.

In the interview, Travis and I talk about:

  • Subsidized vs unsubsidized loans
  • Stafford loans
  • PLUS loans
  • Why student loan forgiveness may be the smartest thing you can do
  • How Capitalization of your student loan works against you
  • Federal vs Private loans
  • The PAYE program
  • The REPAYE program
  • AND much more…

Claim Your Student Loan Plan

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The Money Peach Podcast is brought to you by my #1 online program for showing you how to budget, how much to save, how to manage your debt payoff, when to save for retirement, what to teach your kids about money, and how to build a legacy to last beyond your lifetime.

If you find yourself continuing to live paycheck-to-paycheck and wondering where all the money went at the end of the month, it’s time to finally make a positive change. Welcome to the class they forgot to teach you about money – Awesome Money Course.

 

Mentioned in this Episode


Student Loan Planner – for Money Peach listeners only!

Travis on REPAYE

Book: The Millionaire Next Door

Show Notes


Helping people with over $300 million of student loan debt [2:03]

It’s not as simple as an auto loan [6:35]

Growing compound interest [11:23]

An example [21:06]

The loan planner [32:53]

Chris Peach Author 150x150

Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.

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