Making Money Real Part 2: Straight Talk on Student Loans

Student loan debt is more than just a financial obligation—it’s a challenge that shapes careers, mental health, and long-term opportunities. In Part 2 of the Making Money Real series, "Straight Talk on Student Loans," Dr. Kristen Carioti, Dean of the School of Arts and Sciences at Mount Mary University, shares her expertise on navigating the complexities of student loans. With a background in economics and years of experience helping students manage debt, Dr. Carioti offers practical advice to empower borrowers to take control of their financial futures. Whether you're a college finance instructor guiding students or someone managing your own loans, this episode provides essential insights and tools for success.

What We Talk About

Here’s what’s covered in the episode:

• The Emotional Toll of Debt: How student loans impact mental health and life transitions.
• Debunking Myths: The risks of relying on forgiveness programs, the differences between federal and private loans, and the consequences of defaulting.
• Smart Choices for Students: Tips for choosing the right degree, exploring careers through internships and job shadows, and minimizing unnecessary borrowing.
• Repayment Strategies for Graduates: How to identify loan servicers, explore repayment plans, and create a budget that works.
• Encouraging Data: Why most borrowers ultimately find value in their education despite initial doubts.

About the Author

Dr. Kristen Carioti is a Sage author, Dean of the School of Arts and Sciences at Mount Mary University, and a passionate advocate for financial literacy. With over two decades of teaching experience, she specializes in personal finance, applied economics, and creating inclusive learning environments. Dr. Carioti is dedicated to equipping students with the tools they need to build lasting financial independence, inspiring them to think of themselves as savvy investors and confident decision-makers. 

Beyond academics, she enjoys weightlifting, journaling, and spending time with her family. Her textbook, Introduction to Personal Finance: A Step-by-Step Guide to Financial Freedom, empowers learners to make informed financial choices with clarity and confidence. 

This episode brought to you by Sage Vantage. Learn more at collegepublishing.sagepub.com/vantage.