Financial Literacy Month Podcast: Improve Your Personal Financial Health With APTA Member Benefits
Student loans are a source of stress, not only for current students but for physical therapists and physical therapist assistants in the workforce. APTA provides 2 valuable resources to help members make educated financial decisions. Enrich is an individualized financial education platform that teaches members about money management, financial services, credit scores, and planning for retirement. Laurel Road is a student loan refinancing program that provides a discounted interest rate for eligible APTA members.
In a new podcast, Kevin Soehner, of Enrich, and Alex Macielak, from Laurel Road, offer tips on managing your debt and planning your financial future. "It's never too early to get started on your strategy, where you are, and where you want to be," says Macielak.
Listen to the interview to learn how to:
- Ask the right questions when choosing student loans and exploring repayment options
- Manage loans and other debt once you've graduated
- Balance student loan repayment with supporting a family and buying a home
- Decide when it makes sense to invest your cash vs aggressively pay down loans
Soehner and Macielak emphasize that no single strategy will lead to achieving financial health, because everyone's situation is unique. Enrich and Laurel Road can empower members as they navigate the seemingly complex topic of personal finance and develop a strategy that works for them. Because, Soehner notes, "Student loans shouldn't dictate your financial plan."
Learn more about these and other member value programs at www.apta.org/ValuePrograms/.
Listen to the full podcast here.
[Editor's note: APTA continues to advocate for student debt relief options on Capitol Hill, too, and is a strong supporter of a bill that would include PTs among the professions included in the National Health Services Corps (NHSC). NHSC providers can receive relief for up to $50,000 in student debt.]