Sonia Lewis, is the first African American female CEO of an award-winning business, The Student Loan Doctor LLC.
Lewis has been considered the people’s expert for all matters related to student loan debt repayment. She has been invited to share her expertise on many different platforms to include, The White House Briefing on Advancing Equity for Women and Girls of Color and multiple colleges and universities. In the midst of educating others, she is a three-time self-published author, selling over 500 copies in the first year of print with her book titled, 31 Day Budget Guide.
Student loan debt percentages in the United States increase consistently every year. Studies show that as of 2018, student loan debt exceeded $1.5 trillion! Sonia Lewis shared with me her reasons for wanting to get involved in this epidemic and ways we could better educate ourselves about student loans.
What inspired you to start a student debt repayment company?
I started this company by accident. In 2014, I attended a class called, “Financial Peace University” by Dave Ramsey. The area that most people needed support with was student loans. Helping people create a game plan for their loans was something I had done within my previous employment.
What services do you offer for those looking to repay their student loans?
We offer all services as it relates to federal loans. We can assist in the early stages of private loan repayment. We can assist in finding affordable repayment options, consolidation, and default rehabilitation.
What is the biggest mistake you feel people make with getting student loans?
The biggest mistake would be that people are not considering a rule of thumb: borrowing determination= career compensation. Meaning if the career’s yearly salary does not equal to the same or more than the expected debt accrued, it would probably not be a good idea to borrow the debt.
What are your thoughts on the fact that as of 2018, student loan debt exceeded $1.5 trillion!
I think that it is important to find creative and solution-oriented ideas. Millennials and African American women are most likely to be affected negatively by the 1.5 trillion debt.
Would you vouch for the United States to get rid of student loans and allow students to attend school for free? If so, why or why Not? (There are countries that offer free college education)
I would vote yes for student loans to be cut if the plan for free college was amenable. Student loans provide students with options. Free college could limit someone’s ability to choose their preference of education.
Sonia Lewis’s company, The Student Loan Doctor LLC, has been designed to educate others about their student loan debt and provide assistance in making a tangible plan for repayment. The social impact goal of the business is to help a generation of borrowers become free of debt to promote social mobility and wealth building! We all want freedom from debt and this is an excellent way to kick off the New Year! Educate yourselves on ways to eliminate debt and get back to living your best life!
Discover more about her services to help get rid of student loan debt by visiting the website.
Connect with Sonia Lewis on Instagram!
All images Courtesy of Sonia Lewis