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The Importance of Understanding Student Loan Debt During the Covid 19 Pandemic

  • CMA
  • CPA (US)
  • CFA

Published: December, 2021

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  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Overview

  • Why are we discussing this now?
    5 mins
  • Issues in loan servicing
    16 mins
  • Understand the cares act and its meaning to student debt
    20 mins
  • Income-driven load repay
    31 mins
  • From pauper to king or queen
    44 mins
  • Proposal for sweeping changes
    53 mins

Course Description

While 40 percent of people age 20–29 have student loan debt, the number drops to 19 percent for people age 40–49 and 4 percent for those age 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 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, 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 chiropractor’s 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 Cares Act to 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 webinar will change your life while saving you hundreds if not thousands in the process.

Learning Objectives

  • To analyze 5 methods to pay off student debt
  • To explain the Cares Act and its meaning to student debt
  • To discuss about 3 forms of student debt and what it means to your credit 
  • To compare and contrast how to refinance your student debt
  • To determine if you can repay student loans with bad credit scores
  • To discuss new methods of paying off debt without refinancing

Recommended For

  • This CPE course is recommended for CPAs, CMA, CFAs, Finance professionals, Financial Planners and all Other Professionals who want to expand tools/resources they can offer to patrons and peers who are experiencing heavy burden of student loan debts.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Practice Owners
  • Bank Managers
  • Business Owner
  • Business Student
  • Certified Management Accountant
  • Certified Public Accountant
  • Chartered Accountant
  • Chartered Global Management Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Finance Pros
  • Financial Planner
  • Finanical Analyst
  • Others
  • Risk Managers
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 PL Credit for Chartered Financial Analyst (CFA)
  • 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 1 CPE Credit for Certified Management Accountants (CMA)

Presenter

About Presenter

Drew Stevens

CEO and Leadership Change Expert Stevens Performance

▶︎ DREW’S 𝗘𝗫𝗣𝗘𝗥𝗧𝗜𝗦𝗘: With over 35 years of professional business experience working with both Wall Street and Main Street businesses, I provide three instant methods that lead to personal transformation, top line growth and business success. I work with founders and senior leaders of middle market organizations to scale the business and transform into a wealthy profitable organization.

▶︎ 𝗞𝗘𝗬 𝗦𝗘𝗥𝗩𝗜𝗖𝗘𝗦 OFFERED:
I offer a number of core corporate solutions to middle market companies that include but are not limited to:
- Strategic Planning and Implementation
- Process Improvement
- People Enhancement and Coaching
- Revenue Operations Remix
Working individually with founders and senior leaders I offer:
- Estate Planning
- Financial Planning
- Investment Analysis
- Financial Pathways

▶︎ WHY WORK WITH DREW: Drew Stevens has over 30 years of sales, marketing and customer services expertise as well as Wall Street experience. Drew has worked with middle market special and turnaround situations, to affect change, propagate growth, and transition the business. During his tenure, helps to scale revenue, and then assists organizations with scales, exit or merger. Drew’s strategic planning and revenue expertise lending have led to assisting organizations in achieving over $11B during his 25-year tenure.

▶︎ 𝗘𝗫𝗣𝗘𝗖𝗧𝗘𝗗 𝗢𝗨𝗧𝗖𝗢𝗠𝗘𝗦: Dr. Stevens has been a CEO and COO for a myriad of private companies. His accomplishments include, alleviating process inefficiencies by 33%, implementing revenue operations effectiveness including sales, marketing, customer service and product development. He completely overhauled the revenue operations to help reduce churn by 40%, increase customer service by 31% and increase sales conversion by 71%. Created and implemented processes to transform a cash transactional system to a $100MM SaaS implementation.

▶︎ 𝗪𝗛𝗔𝗧 𝗖𝗟𝗜𝗘𝗡𝗧'𝗦 𝗦𝗔𝗬: “Drew is the wizard of revenue. Unlike others that charge by the hour and take forever to create a solution, Drew’s value is working quickly to discover the issue, make recommendations and implement. The work with Drew is unmatched. “Ted Owner of a Financial Technology Firm

▶︎ DREWS 𝗕𝗔𝗖𝗞𝗚𝗥𝗢𝗨𝗡𝗗: I have excelled in strategic planning, revenue operations and financial success for over 35 years. My work with middle market organizations and their senior leaders and founders has helped to produce over $11B in new revenue. My competitive differentiation is getting you personally or your organization the edge it needs to get financially strong.

Faq

FAQs content

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Ratings and Review

4.5

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