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Why Pre-COVID Student Loan Rules Are Back (For Now)

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Manage episode 432756739 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.

The labyrinth of pre-COVID student loan rules are making a dramatic return. I’ll explore the Biden administration's key regulations impacting Public Service Loan Forgiveness (PSLF) and income-driven repayment (IDR) plans, the legal battles putting these changes on ice, and what it means for borrowers caught in the middle.

In today’s episode:

  • 01:50 Revival of Pay As You Earn (PAYE) and Income-Contingent Repayment (ICR) plans

  • 04:45 PSLF borrowers have less to worry about, plus the “buyback provision”

  • 08:03 Borrowers going for 20 and 25 year forgiveness could switch plans

  • 12:46 The silver lining of choosing to do nothing

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

310 episodes

Artwork
iconShare
 
Manage episode 432756739 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.

The labyrinth of pre-COVID student loan rules are making a dramatic return. I’ll explore the Biden administration's key regulations impacting Public Service Loan Forgiveness (PSLF) and income-driven repayment (IDR) plans, the legal battles putting these changes on ice, and what it means for borrowers caught in the middle.

In today’s episode:

  • 01:50 Revival of Pay As You Earn (PAYE) and Income-Contingent Repayment (ICR) plans

  • 04:45 PSLF borrowers have less to worry about, plus the “buyback provision”

  • 08:03 Borrowers going for 20 and 25 year forgiveness could switch plans

  • 12:46 The silver lining of choosing to do nothing

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

310 episodes

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