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What’s The Difference Between Federal and Private Student Loans?

by / June 25, 2014 video 61 Comments

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Lynette Khalfani-Cox is known as The Money Coach.  She is a personal finance expert who dispenses her knowledge and advise through television, radio, and books.  She wrote the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom.

Her personal story inspires many to pursue financial solvency and freedom.  After amassing $100,000 in credit card debt, Khalfani-Cox was able to turn her financial life around by paying the debt off in just three short years.

Khalfani-Cox began her career as a journalist and eventually became a Wall Street Journal reporter for CNBC.  Khalfani-Cox has been dispensing her advice as The Money Coach since 2003 when she created an independent publishing company named Advantage World Press.

She has published a total of six personal finance books for adults as well as co-authoried a series of money-management books for young people.  She has also appeared on The Oprah Winfrey Show, Dr. Phil, The Tyra Banks Show, and Good Morning America.

Khalfani-Cox travels the country giving motivational speeches and financial seminars.  She also is on the board of directors for WorldofMoney.org, a non profit agency whose mission is to teach financial literacy skills to underprivileged teenagers.

Her work has earned her the Dow Jones International News Award in 1996 and 1998 for her reporting on financial markets as well as an Excellence in Financial Literacy Education (EIFLE) Award for her work on The Millionaire Kids Club.  The first three books in the series were recognized as Retail Book of the Year in the money-management books for children category.

Check out the following video to find out what the difference is between federal and private student loans.  Khalfani-Cox discusses the pros and cons to each type of loan to help students understand what the best fit is for their educational and financial needs.

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Christine

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