Interview 190: Matt Carpenter on “Four different types of college loans”
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- Matt gives his backstory
- Matt shares how he got his college knowledge
- Matt discusses why he is so bullish about the Federal Direct Student Loan
- Matt shares his perspective on the Parent PLUS Loan, and he has something we love at YCBK; he has plenty of nuance
- Matt discusses the pros and cons of private loans
- Matt explains what an origination fee is
- Matt shares what he feels are the better private loan companies
- Matt shares a very creative way to get the best rate on student loans
- Matt shares a significant caveat to be aware of about private student loans
- Matt shares why state loans are often overlooked when they should be considered when a student needs to borrow for college
- Matt talks about variable loan rates
- Matt gives his recommendation of whether he usually advises students who have a 529 to spend their 529 right away or to spread it over four years