Chain Of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

Nick Sky is the co-founder of ChangEd, an app that helps student loan holders pay down their debt quicker and more efficiently. ChangEd is design to align with a borrower’s natural spending by facilitating change roundups on everyday transactions and applying those funds to their student loans. Welcome! [2:37] Student loans are a massive problem in America and tons of people get stuck into paying them off over long periods of time. Do you think the cost of education is going to become easier to bear in years to come or do you think the problem will get worse? The root of the problem is because it’s so easy to get loans and money Universities and campuses are spending tons of money improving their grounds It’s still great to get a degree, on average you’ll make $1 Million more over a lifetime There are other options but it might still exceed inflation [10:29] What’s one of the biggest mistakes you see young adults make when it comes to their student loans? Extending payments Forbearance & deferme