Episode 1: Renegotiating a Troubled Loan in a Troubled Time
In response to a student query, how to go about requesting payment deferrals and interest rate accommodations during an unsettled period.
COVID-19 had much of the world adjusting to a new reality: sheltered at and communicating from home. Many of us had lived through other historic disruptions, but college students at the time had no comparable point of reference. They were barely walking on 9/11 and learning to ride two-wheelers when the economy collapsed in 2008. It was no surprise that students were reaching out for help, and not just with the coursework they were struggling to complete remotely. They were asking for advice on household financial matters that directly impacted their lives.
With all that in mind, Mitch and his collaborator set out to script and record a short series of podcasts for students at the Mason Gross School of the Arts, Rutgers University, and beyond. They used WebEx for the videography and subcontracted the post-production and media work.
In response to a student query, how to go about requesting payment deferrals and interest rate accommodations during an unsettled period.
Taking a risk management approach to dealing with a multitude of problems occurring all at once.
Addressing confusion over the student loan payment deferral feature of the CARES Act, and advice on alternative payment plans.
Important planning and financial considerations for students contemplating supplemental and full-time freelance endeavors.
Organizing personal budgets in a way that yields good flexibility, particularly during uncertain times.