Student Loans and Planning Considerations

There are many nuances to student loans that are important to understand, whether a client or child of a client is coming to you with existing loans, or contemplating taking out new loans for further education. Decisions surrounding student loans can impact other areas of a client’s financial plan, such as their progress toward other goals, life insurance coverage needed, and even tax filing status. Here, we delve into characteristics of different types of loans, and some planning considerations.