What if you defaulted on your student loans? + other listener questions




Oh My Dollar! show

Summary: <p>We answer a potpourri of listener questions:</p> <ul> <li>Where do you keep an emergency fund? A money market? (1:21 timestamp)</li> <li>What is a CD ladder? (5:58 timestamp)</li> <li><span style="font-weight: 400;">Listener C just got a letter saying she had defaulted on her student loans. How does she get a handle on what she owes and where? (11:30 timestamp) </span></li> <li><span style="font-weight: 400;">What are the repayment options?</span></li> </ul> <p>Get Your Money Together workbook is a doing weekly chapter read-alongs and purrsonal finance challenges <em>right meow! </em>Join by pre-ordering the ebook at <a href="http://www.ohmydollar.com/book/">http://www.ohmydollar.com/book/</a></p> <p><span style="font-weight: 400;"><br> ——- Resources—-<br> For federal loans (meaning non-private ones) the best place to go is the <a href="https://www.nslds.ed.gov/">NSLDS (national student loan data system).</a> You’ll need to know your FSA ID. If you don’t remember it or can’t find it, you can reset it at  </span><a href="https://studentaid.ed.gov"><span style="font-weight: 400;">https://studentaid.ed.gov</span></a><span style="font-weight: 400;"> – or you can call 1-800-4-FED-AID and they’ll walk you through it.  You can use <a href="https://studentloans.gov/myDirectLoan/repaymentEstimator.action">the repayment calculator at studentloans.gov</a></span></p>