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What Happens After the IDR Waiver?

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Manage episode 414069618 series 2471867
Content provided by Travis Hornsby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Travis Hornsby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

A timely discussion of what happens as we face down the expiration of the IDR waiver. Will the administration extend it at the last second? We don't know (as of the time of the recording). But one thing is sure: Borrowers can expect seismic shifts as the IDR waiver ends. It's been key to unlocking the forgiveness gates for many, but its flexible counting of nearly any kind of payment toward forgiveness expires at the end of April. We'll recap the IDR waiver and its benefits and explore what happens after the IDR waiver ends. Get clarity about your next steps and the implications of these changes on your student loan repayment journey.

In today’s episode, you'll find out:

  • How the end of the IDR waiver impacts borrowers who've been in forbearance or deferment
  • Changes borrowers should prepare for after the IDR waiver expires
  • How borrowers with older loans will suffer the biggest consequences as this program ends
  • Options for maximizing qualifying payment count when consolidating loans
  • Consequences borrowers will face when Pay As You Earn (PAYE) applications close
  • What the precedent of moving borrowers from REPAYE to the SAVE plan means for the future of IDR programs
  • How to calculate the cost-benefit of married filing separately for taxes
  • Tips to navigate the PSLF pause during the transition from MOHELA to the Department of Education
  • What “consolidation Death Valley" is and why it could impact you in May-June 2024
  • Best practices for dealing with the coming uncertainty of student loans

Links mentioned: StudentAid.gov

Like the show? There are several ways you can help!

Feeling helpless when it comes to your student loans?

Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

  continue reading

325 episodes

Artwork
iconShare
 
Manage episode 414069618 series 2471867
Content provided by Travis Hornsby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Travis Hornsby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

A timely discussion of what happens as we face down the expiration of the IDR waiver. Will the administration extend it at the last second? We don't know (as of the time of the recording). But one thing is sure: Borrowers can expect seismic shifts as the IDR waiver ends. It's been key to unlocking the forgiveness gates for many, but its flexible counting of nearly any kind of payment toward forgiveness expires at the end of April. We'll recap the IDR waiver and its benefits and explore what happens after the IDR waiver ends. Get clarity about your next steps and the implications of these changes on your student loan repayment journey.

In today’s episode, you'll find out:

  • How the end of the IDR waiver impacts borrowers who've been in forbearance or deferment
  • Changes borrowers should prepare for after the IDR waiver expires
  • How borrowers with older loans will suffer the biggest consequences as this program ends
  • Options for maximizing qualifying payment count when consolidating loans
  • Consequences borrowers will face when Pay As You Earn (PAYE) applications close
  • What the precedent of moving borrowers from REPAYE to the SAVE plan means for the future of IDR programs
  • How to calculate the cost-benefit of married filing separately for taxes
  • Tips to navigate the PSLF pause during the transition from MOHELA to the Department of Education
  • What “consolidation Death Valley" is and why it could impact you in May-June 2024
  • Best practices for dealing with the coming uncertainty of student loans

Links mentioned: StudentAid.gov

Like the show? There are several ways you can help!

Feeling helpless when it comes to your student loans?

Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

  continue reading

325 episodes

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