Arriviste: How the Student Loan Forgiveness Program Can Boost Your Trading Portfolio

image of college student who is benefiting from student loan forgiveness program

by Lauren Short

An arriviste is an ambitious or ruthlessly self-seeking person, especially one who has recently acquired wealth. With the new student loan forgiveness program going into effect, it’s highly likely we will start seeing some more of these types of people entering the stock market with loaded trading portfolios.

 

The Student Loan Forgiveness Program

This past week, the White House released its application for federal student loan borrowers who earn less than $125,000 (or $250,000 per household) to receive up to $10,000 in student loan debt relief and $20,000 to those who have received a Pell Grant. For many who have not made any student loan payments, this means the credit will be applied towards their current debt. However if you made payments on an eligible federal loan between March 13, 2020 and December 31, 2022, you may qualify for a refund.

Eligible loans for a refund include:

  • Federal Perkins loans held by the U.S. Department of Education (ED)
  • Federal Family Education Loans (FFELs) held by the ED
  • Direct subsidized loans
  • Direct unsubsidized loans
  • Parent PLUS loans
  • Grad PLUS loans
  • Direct consolidation loans
  • Defaulted FFEL loans not held by the ED
  • Defaulted Health Education Assistance Loans (HEAL) loans

Loans that do not qualify include:

  • Private student loans
  • Federal Perkins loans not held by the ED
  • FFEL loans not held by the ED
  • Nondefaulted HEAL loans

To request a refund of student loan payments that you made during the pandemic, you will have to contact your loan servicer. You can access this information by logging into your account dashboard or call Federal Student Aid Information Center at 1-800-433-3243.

 

How to Use the Student Loan Forgiveness to Boost Your Trading Profile

Accordingly, those who have made student loan payments are already showing substantial financial responsibility. These are people who have prioritized their finances in order to better their future. Emphatically, when you make loan payments you are essentially spending that money with the assumption it will never be seen again. The opportunity to have $10,000 or $20,000 returned is an unbelievable gift that should be used to begin a wealth building stock trading portfolio.

This could also serve as a great cash deposit on a new home, and the current housing and mortgage rate crisis can truly open up a golden opportunity to begin to acquire property at a more opportune price. However the issue with spending money on a new car or home is that it these investments do not offer the chance to multiple your wealth and the value can depreciate overtime.

The stock market is a lot like the gym, the more energy you spend in it the more results you will see. Obviously you can begin a great portfolio with as little as $1000, but this does not allow you the opportunity to invest into a strategy program that could help multiple your money tenfold. Having more of a financial egg accordingly allows you to hire an expert to provide you trusted advice and guidance regardless of where you are starting out. It also allows you to truly invest in the profit building options that tend to be more expensive to purchase because of their growth potential. 

By being willing to use the student loan forgiveness refund towards a strong stock market strategy program, you could allow yourself the opportunity to purchase a car, house, and multiple vacations for the same original buy in!

 

Trusted Stock Trading Program

Knowing where to start your stock trading portfolio can be tricky to figure out. There are various apps you can use to purchase stock on your own, with relevant news articles to help strengthen your decision but offers no real human connection. Additionally, corporate financial advisors can help you with stock trading advice that comes with costly commissions and fees. A great alternative to this is to consider working with independent trading firms and strategists. 

After doing some initial research on the market, I found that FFR Trading was a great option for boosting a stock portfolio. This company works with multiple longtime strategists who have experienced the market turmoils for decades. These professionals have tested various proven tactics for years and know exactly what to look out for.

To work with a strategic trader, you need to invest into their specific program with one initial cost upfront. Likewise, you receive “signals” as to when you should buy, sell, or trade into a certain stock. Basically, as soon as they see something happen they will let you know so you can make the decision to move your money wisely.

Moreover, my favorite part about these programs is that you know exactly how much you are spending. Also, you are given the opportunity to make decisions for yourself based upon information you’ve opted to receive. The strategists host free webinars and workshops so that you can continue to educate yourself on the market trends. I have found that investment strategists, like the ones with FFR Trading, want to keep you informed as opposed to making you rely on them hand and foot.

Nonetheless, many corporate financial advisors withhold information from you, as they want to have you paying them for their services for years on end. 

Happy Trading

It’s never too late or too early to begin planning your retirement or start making moves towards your own home. Overall, the student loan forgiveness program is truly going to open up wonderful opportunities for those who are eligible. If you are granted this forgiveness, I hope you use it wisely and consider building a trading portfolio.

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