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Alex reveals the financial life and challenges of a marriage and family therapist

Alex reveals the financial life and challenges of a marriage and family therapist

Episode 21 Published 7 years, 2 months ago
Description

Alex Barnette is a Licensed Marriage and Family Therapist (LMFT) who graduated from St. Edward's University in Austin, Texas. She currently has about $115,000 in student loan debt that she's paying off. She's also launched her own practice — Alex Barnette Counseling, also located in Austin.

In today's episode, you'll find out:

  • What schooling looks like for someone wanting to be an LMFT
  • The breakdown of various license abbreviations in the therapy world
  • The tuition to expect in a master's program to become an LMFT
  • How private schools tend to raise their tuition cost every semester
  • How Alex handled her student loan debt while working after graduation
  • Why agency fees can make it difficult for LMFTs to focus on their student loans
  • How Alex took the leap to start her own practice
  • The difference between qualifying for Public Service Loan
  • Forgiveness and income-driven repayment loan forgiveness
  • How getting married can drastically affect your student loan repayment
  • Why student loan servicers can be so difficult to deal with
  • Alex's advice on when to seek therapy — and how clients choose what to get out of it

Full show notes at: http://studentloanplanner.com/21

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