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A SAVE student loan could be the key to investing in your future self
Manage episode 428158721 series 1253835
After several years of not having to pay student loans - or no interest added to them - everyone is back to paying their full payments. Brian Walsh, the head of advice and planning with SoFi, says a SAVE student loan program may be the way forward. But there have been changes.
- Currently, if you missed a student loan payment during the first year, it wouldn't be reported to a credit bureau. That is now going away.
- The percentage of your discretionary income used to calculate your monthly payments is changing -- but currently is facing a court fight.
You can follow this show on Instagram and on Facebook. And to see what Heather does when she's not talking money, go to her personal X (Twitter) page.
Be sure to email Heather your questions and request topics you'd like her to cover here.
153 episodes
Manage episode 428158721 series 1253835
After several years of not having to pay student loans - or no interest added to them - everyone is back to paying their full payments. Brian Walsh, the head of advice and planning with SoFi, says a SAVE student loan program may be the way forward. But there have been changes.
- Currently, if you missed a student loan payment during the first year, it wouldn't be reported to a credit bureau. That is now going away.
- The percentage of your discretionary income used to calculate your monthly payments is changing -- but currently is facing a court fight.
You can follow this show on Instagram and on Facebook. And to see what Heather does when she's not talking money, go to her personal X (Twitter) page.
Be sure to email Heather your questions and request topics you'd like her to cover here.
153 episodes
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