Importance to Understanding Student Loan Debt and 6 Ways to Pay It Off 1.5 Credits
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While 40 percent of people aged 20–29 have student loan debt, the number drops to 19 percent for people aged 40–49 and 4 percent for those aged 60 and older. The percentages are substantially higher for people with at least some college education, but the trend is the same. Overall, 27 percent of Americans with at least some college education have student loan debt, with the numbers ranging from 56 percent of 20–29-year-olds to 6 percent of those age 60 and older.
Before the Covid-19 pandemic student debt was a challenging issue. During the pandemic, student debt has become more onerous because over 11 million people are unemployed and many others are facing numerous financial issues including but not limited to evictions, foreclosure, and mounting credit card debt.
One of the most daunting projects any individual personal or professional will ever take on will be an attempt to pay off student debt. The latest student loan debt statistics for 2020 show how serious the student loan debt crisis has become for borrowers across all demographics and age groups. There are 45 million borrowers who collectively owe nearly $1.6 trillion in student loan debt in the U.S. Student loan debt is now the second-highest consumer debt category - behind only mortgage debt. Student loans are so high that for chiropractors debt is over $240,000 and for dentists over $285,000. These individuals may invest years attempting to repay all this debt.
In early, 2020 President Trump and Congress enacted the Secure and Cares Act for all qualified individuals with student loans thereby suspending any interest and any payments until January 1, 2021. That means it is time for your debt repayment. If you do not have the money, you may be placed into financial ruin. Or, is there another way?
You do not have to feel stuck nor remain stuck attempting to repay former educational bills. If you seek methods to escape the tremendous burden of student loans this CPE finance webinar will change your life while saving you hundreds if not thousands in the process.
License details | Credits | Status |
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Finance for Certified Public Accountants (CPA-US) | 1.5 CPE | Approved |
Corporate Finance for Certified Management Accountants (CMA) | 1.5 CPE | Eligible |
Finance for Accredited in Business Valuation (ABV) | 1.5 CPD | Eligible |
Personal Financial Planning for Personal Financial Specialist (PFS) | 1.5 CPD | Eligible |
Finance for Chartered Financial Analyst (CFA) | 1.5 PL | Eligible |
Finance for Delaware Licensed Public Accountant (DE-LPA) | 1.5 CPE | Eligible |
Finance for Certified Government Financial Manager (CGFM) | 1.5 CPE | Eligible |
Finance for Chartered Financial Consultant (ChFC) | 1.5 CE | Eligible |
Certified Wealth Strategist (CWS) | 1.5 CE | Eligible |
Certified Fiduciary and Investment Risk Specialist (CFIRS) | 1.5 CE | Eligible |
Finance for Retirement Income Certified Professional (RICP) | 1.5 CE | Eligible |
Finance for Certified Valuation Analyst (CVA) | 1.5 CPE | Eligible |
Finance for Wealth Management Certified Professional (WMCP) | 1.5 CE | Eligible |
Finance for Financial Services Certified Professional (FSCP) | 1.5 CE | Eligible |
Finance for Iowa Licensed Public Accountant (IA-LPA) | 1.5 CPE | Eligible |
Finance for Maine Licensed Public Accountant (ME-LPA) | 1.5 CPE | Eligible |
Finance for Chartered Advisor in Senior Living (CASL) | 1.5 CE | Eligible |
Finance for Chartered Special Needs Consultant (ChSNC) | 1.5 CE | Eligible |
Finance for CIPM | 1.5 PL | Eligible |
Finance for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 1.5 CPE | Eligible |
General finance principles and financial concepts for Certified FP&A Professional (FP&A) | 1.5 CE | Eligible |
Credits
1.5
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
None
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
Over 38 years of Financial and Sales/Marketing expertise with investments, insurance, annuities, financial planning, analysis, and educating struggling clients to eliminate debt, increase liquidity, and maximize savings for retirement planning.
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Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.
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To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.
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After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
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