• Contingency Plans for Your Student Loan Plan

  • Sep 10 2024
  • Duración: 43 m
  • Podcast

Contingency Plans for Your Student Loan Plan

  • Resumen

  • Worried about changes to your student loan payments? It could happen if the Saving on a Valuable Education (SAVE) plan is repealed. Student loan experts Megan McGuire and Sim Terwilliger share how they’re advising clients to rethink their repayment approach.

    In today’s episode:

    05:24 Parent PLUS loan borrowers need a plan B and plan C

    13:44 Fill out a forbearance application to postpone or reduce student loan payments

    24:07 Monthly income-driven repayments (IDR) can spike if you don’t update your income

    31:49 PSLF buyback can give you credit for months that didn’t qualify before

    Link mentioned:

    • SAVE Plan Court Actions: Impact on Borrowers

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