Cheryl Winokur-Munk

speaker
1,406 appearances 26 recordings 2 series first heard Apr 2019 last heard Jun 2025

Cheryl Winokur-Munk’s voice in public audio — every appearance, attributed to the second.

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You can log in to your account, which is the same account you would use with your FSA ID that you did when you filed the FAFSA initially, and that will tell you you can plug in your actual loans and amounts, and they'll be able to tell you, using the simulator, voice-verified
what you would pay under each type of plan. voice-verified
And then you can even play around with things like income or family size, or if you move to another state, it's pretty interactive and it allows you to see how much you would pay under each plan. voice-verified
and how much might potentially be forgiven. voice-verified
You can also talk about, you can also give them ideas of like, well, my goal is to pay off my loan as quickly as possible. voice-verified
My goal is to make as small a monthly payment as possible. voice-verified
So it's a pretty interactive tool. voice-verified
There are also online services such as Savvy and Summer that work directly with borrowers or through their employers, and they can help you, they have tools to help you make these decisions as well. voice-verified
Thanks for having me. voice-verified
Some of these millennials got used to their parents' divorce. voice-verified
They grew up in divorced homes, and they know how it can turn out, and they don't want to have to deal with that. voice-verified
Thanks for having me. voice-verified
No, it's not. voice-verified
My research actually found that a lot of younger people, millennials in particular, are doing this even if they don't have a lot of money. voice-verified
And the idea is that maybe one day they will. voice-verified
And they're thinking of themselves more as financial roommates than they are as a couple making a life together financially. voice-verified
There's a couple reasons for it. voice-verified
Number one, some of these millennials got used to their parents' divorce. voice-verified
They grew up in divorced homes and they know how it can turn out and they don't want to have to deal with that. voice-verified
There are also a lot of societal realities that just weren't present years ago. voice-verified
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