Comparing and analyzing your student loan repayment options can be a complicated and time-confusing endeavor. This is especially true if you have federal student loans.

With so many federal repayment plans and forgiveness programs available today, choosing the most efficient repayment strategy will vary based on things like your income, marital status, and the type of employer you work for.

So if you aren’t sure which strategy is the best solution for your finances, you're definitely not alone. That’s where StudentLoanAdvice.com by the White Coat Investor may be able to step in to help.

StudentLoanAdvice.com provides individualized advice to help you manage your student loans most efficiently. How can it help you? Let’s take a closer look.

Andrew Paulson, co-founder and Lead Student Loan Consultant, leads StudentLoanAdvice.com by the White Coat Investor. The platform was created with the goal of helping doctors, dentists, and other high earners tackle their student loan debts efficiently.

The White Coat Investor (WCI) owns the majority of StudentLoanAdvice.com. WCI is a trusted company that has been around since 2011 and Paulson is a Certified Student Loan Professional (CSLP) who has taken on additional training and certification to help you understanding your student loan debt.

What Does It Offer?

StudentLoanAdvice.com is based on the foundation of providing actionable financial strategies for those with student loans. Here’s what stands out about its offerings.

Student Loan Consultations

When you work with StudentLoanAdvice.com, you’ll receive a personalized consultation.

Before you dive into the session, you’ll receive a welcome email that asks for a variety of information about your student loans. A few things you’ll need to share include your income, financial situation, family size, and profession.

With that information, the StudentLoanAdvice.com team will create a customized student loan plan. In the one hour consultation, you’ll review your goals, make adjustments to the plan, and ask any questions you may have.

In addition to explaining the paperwork required, a few things that might be covered include a discussion of:

• Your repayment plan options
• The monthly payment options through IDR programs 
• Whether or not loan consolidation would be useful
• Whether or not private student loan refinancing makes sense for you
• How to reduce your adjusted gross income

After the meeting, you’ll receive an email recap with a customized summary detailing the plan designed with your needs in mind. At the end of the day, you should have a clear direction on how to manage your student loans in alignment with your goals. 

Email Access For Six Months

As you start to implement your new student loan management strategy, it is completely natural to run into questions along the way. You can reach out to StudentLoanAdvice.com over email for up to six months.

Based on the customer reviews, it seems that the team promptly responds to emails. That’s a much better option than paying for additional help!

Focus On Student Loans

You can seek out StudentLoanAdvice.com from a variety of professionals, including financial advisors, attorneys, and tax professionals. But each of these parties may have an interest in bringing you on as a long-term client.

You won’t have to worry about that potential conflict of interest with StudentLoanAdvice.com by WCI. The company only works on student loan consultations with a one-time fee. So there's no incentive to recommend self-serving products or services.

Are There Any Fees?

The price of a student loan consultation is $479, regardless of how much debt you and your spouse have. You’ll receive an invoice for this one-time fee at the end of your session.

Keep in mind that this includes the one-hour session and six months of email follow-up questions.

How Does StudentLoanAdvice.com Compare?

StudentLoanAdvice.com by the White Coat Investor provides a straightforward experience for borrowers. You’ll pay a flat $479 fee that doesn’t fluctuate based on your income or student loan debt burden.

Their main competitor, Student Loan Planner (SLP), uses a sliding-scale pricing system. If you have less than $200k of debt, you'll pay $395. With $200k-$400k of debt, you pay $495. And if your debt amount is over $400k, your consultation will cost $595.

Student Loan Planner feels that such a sliding scale is more appropriate as the more debt you have, the more money that a consultation could save you over time. Should someone with $50k of debt pay the same amount as someone with $500k of debt, even though the borrower with the $50k of debt will stand to gain much less in terms of actual dollars saved from the meeting? Student Loan Planner says no.

But the other way to look at things is that a consultant's hourly rate...should be their hourly rate. And from the perspective, you may prefer StudentLoanAdvice.com's pricing model. The good news is that you should receive expert advice from either company. But if you have under $200k of debt, you'll save $84 by choosing SLP. And if you have over $400k of debt, you'll save $116 by going with StudentLoanAdvice.com.

How Do I Book A Consultation?

You can book a consultation with StudentLoanAdvice.com at their website here. From there, you will see the dates and times which are available in a calendar format.

You’ll find that the times are very flexible. You can book in the early morning or the late evening to suit your schedule.

Once you select a time, you will receive an email that asks for more information about your finances. After the consultation, you'll be invoiced a $479 fee. 

Is It Safe And Secure?

StudentLoanAdvice.com doesn’t share or sell your information with anyone. However, the company will use the information you provide to create a personalized student loan management strategy. You won’t be transmitting any details of your financial accounts. So financial account security won't be compromised in the slightest. 

How Do I Contact StudentLoanAdvice.com?

You can reach out to StudentLoanAdvice.com through the contact form on their website. Based on the reviews highlighted on the company website, early customers report a good experience. However, there aren’t reviews yet available from other sources, like Trustpilot or the Better Business Bureau to corroborate this good experience.

Is It Worth It?

If you have a hefty pile of student loans without a clear direction on tackling them, StudentLoanAdvice.com is a useful option. We especially love that the StudentLoanAdvice.com team offers six months of follow-up questions via email. That way you can quickly get answers to any questions that may pop up as you begin to implement your plan.

But of course, paying for student loan advice won't be the right fit for everyone. If you have $25k of student loan debt, for example, you don't stand to save nearly as much by finding the most efficient repayment plan as someone who has $250k of debt. 

Plus, if you're just looking for help managing your loans, you might benefit from using an app like Chipper.

So the lower your student debt load, the more carefully you'll want to weigh the cost-benefits of paying for a professional student loan consultation. There are a host of websites that offer free student loan advice, including right here at The College Investor. If you'd prefer to do your own research, you might want to start here with our guide to Escape Student Loan Debt.

Book a consultation with StudentLoanAdvice.com here >>

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